PUBLIC BANKING WORKS

Public Banking Works is ...

Public Banks are...

And Are Not...

• Viable solutions to the present economic crises in US states.
• Counter-cyclical, meaning they are capable of reducing the negative impact of recessions, because they can make money available for local governments and businesses precisely when private banks decrease lending.
• Potentially available to any-sized government or community
able to meet the requirements for setting up a bank.
• Owned by the people of a state or community.
• Economically sustainable, because they operate transparently according to applicable banking regulations
• Able to offset pressures for tax increases with returned credit income to the community.
• Ready sources of affordable credit for local governments, eliminating the need for large “rainy day” funds.
• Required to promote the public interest, as defined in their
charters.
• Constitutional, as ruled by the U.S. Supreme Court
• Operated by politicians; rather, they are run by professional
bankers.
• Boondoggles for bank executives; rather, their employees are
salaried public servants (paid by the state, with a transparent pay structure) who would likely not earn bonuses, commissions or fees for generating loans.
• Speculative ventures that maximize profits in the short term,
without regard to the long-term interests of the public.

Interested in Reading More? 

Feb 23, 2017
RT @commonomicsUSA: Read an except from @commonomicsUSA Exec. Dir. Ma'ikwe Ludwig's new book on #climatechange & cooperative economics. htt…
Feb 23, 2017
RT @commonomicsUSA: @commonomicsUSA policy director Matt Stannard's brief message on Spicer's remarks today on marijuana: t.co/…
Feb 18, 2017
More coverage of the growing movement for #publicbanking in Oakland-- t.co/…
Feb 14, 2017
How does #publicbanking measure up? Infrastructure funding. Public banks fund big projects, cut interest rates nearly in half.
Feb 14, 2017
How does #publicbanking measure up? Public transportation funding. Public banks fund big projects, cut interest rates nearly in half.