public banking

This post is for subscribers Type your email… Subscribe

Instead of buying into the World Economic Forum’s dystopian “Great Reset,” we can build an alternative system with a mandate to serve the people. This is part two to a May 4, 2022 article called “A Monetary Reset Where the Rich Don’t Own Everything,” the gist of which was that national and global debt levels are […]

For the Laura Wells for Controller 2022 campaign, please click CONTROLLER 2022! in the menu above. Thank you for being here.

“How will we pay for it?” That is their question. This past month, I recommended The Deficit Myth, Modern Monetary Theory and the Birth of the People’s Economy, by Stephanie Kelton (2020), in my “Great Reads for Our Times – with a Dose of Hope” blog. I received some push back, and I felt compelled […]

Wall Street may own the country, as Kansas populist leader Mary Elizabeth Lease once declared, but a new generation of “retail” stock market traders is fighting back. A short squeeze frenzy driven by a new generation of gamers captured financial headlines in recent weeks, centered on a struggling strip mall video game store called GameStop. […]

The Fed’s policy tools – interest rate manipulation, quantitative easing, and “Special Purpose Vehicles” – have all failed to revive local economies suffering from government-mandated shutdowns. The Fed must rely on private banks to inject credit into Main Street, and private banks are currently unable or unwilling to do it. The tools the Fed actually […]

There Are Solutions is my favorite political slogan, and in this year of crisis 2020 there are many solutions in the air. One of my favorite political quotes is by Thoreau, “If you have built castles in the air, your work need not be lost; that is where they should be. Now put the foundations […]

BlackRock is a global financial giant with customers in 100 countries and its tentacles in major asset classes all over the world; and it now manages the spigots to trillions of bailout dollars from the Federal Reserve. The fate of a large portion of the country’s corporations has been put in the hands of a […]