The Lay of the Land for Public Banking
February 27, 2017 Dick Conoboy
The Case for Public Banking
Public banks are an effective way to use public funds for the good of communities, much like public utilities, instead of for the profit of private mega-banks that take the public’s money and use it to play in the Wall Street casino. With public banking, cities and states place their revenues in a much safer banking environment and then can borrow at low cost to finance public-good projects such as schools, roads, offices, parks, libraries, water treatment plans and…even jails. Here is what the Public Banking Institute has to say about this concept. […]
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