Millions of Americans have joined the ranks of the unemployed, and government relief checks and savings are running out; meanwhile, the country still needs trillions of dollars in infrastructure. [...]
As marginalized families without bank accounts struggle to get stimulus checks, it's time to fix the rusty pipes of our inequitable financial system.
The COVID-19 pandemic response has shown [...]
At least 90 percent of the nation’s cities are facing a budget crisis because of the economic shutdown in response to the COVID-19 pandemic, according to a mid-April report by the U.S. Conference [...]
The Public Banking Institute has been working since 2011 to return control of money and credit to states and communities and create a network of publicly-owned federal, state and municipal banks [...]
It’s a sunny August Saturday in Far Rockaway, and New York State Senator James Sanders Jr. could hardly be more in his element. He’s riding high, not only on his parade float leading the 3rd [...]
For only the second time in 100 years, a people-powered coalition overcame the stiff opposition of the banking lobby to successfully pass a law that legalizes public banking. Governor Gavin [...]
Public Banking in California is a fantastic and historic breakthrough. This has been a longtime struggle of thousands of activists in California and throughout the country. Many cities and states [...]
Central bankers are acknowledging that they are out of ammunition. Mark Carney, the soon-to-be-retiring head of the Bank of England, said in a speech at the annual meeting of central bankers in [...]
People from all hues of the political spectrum are recognizing that having local transparent control over the creation of credit through a publicly-owned bank not only saves money, but also gives [...]
In honor of the Bank of North Dakota’s centennial anniversary, here is an excellent academic report from Cornell University that includes a detailed case study of BND’s 2015 Infrastructure Loan [...]
Alexandria Ocasio-Cortez — one of two insurgent progressive candidates to succeed in their races for Congress — submitted draft text for a select committee on a Green New Deal financed by a [...]
On November 6th, the citizens of Los Angeles will have a chance to decide if their city should pave the path towards creating the first municipal public bank in the country. No doubt, a ‘yes’ [...]
The City of Oakland's Finance Committee accepted the Public Bank Feasibility Study and staff report, and recommended placing it on the full City Council's agenda so that all Councilors may have [...]
The next financial crisis is all but inevitable. While its exact timing and severity cannot be predicted, both the accelerating frequency of crises in recent decades and the continued [...]
In January, we at PBI proposed that 2018 would be the “Year of the Public Bank.” Now midway through the year, we’re delighted to see the idea is indeed proving true. With huge strides forward in [...]
