Public Banking Can Democratize The Economy

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Report: Public Banking Can Democratize the Economy

13 Jun 2011 @ 9:32 PM

Published on Sunday, June 12, 2011 by Shareable.net

Report: Public Banking Can Democratize the Economy

by Kelly McCartney

In the wake of the financial crisis that the U.S. is still clawing its way out of, a handful of ideas have begun to surface that might actually shore up our still-floundering economy and, potentially, avert future devastation. (No, not the eminently gutless Dodd-Frank bill.) Rather, public banks — also known as state banks or partnership banks — provide a path for the people to harness some economic power of their own in order to build a broad-based, ground-level prosperity which is rooted in their community.Public banks bring the power back to Main Street rather than Wall Street. More »