As public banking gains momentum across the country, policymakers in California and Washington state are vying to form the nation’s second state-owned bank, following in the footsteps of the highly successful Bank of North Dakota, founded in 1919. The race is close, with state bank bills now passing their first round of hearings in both states’ senates. n […]
Mel Gurtov: The American economic story is that wealth inequality increases along with increasing wealth overall. The higher up in the wealth chain one is, and most especially at the top 1 percent of households, the greater the gains in riches.
Mark Dempsey: Neoclassical economics gets at least a propaganda victory by the kind of willful ignorance forced on the public, particularly ignorance of the potential to make the economy more productive by paying attention to the effect of land as a productive input.
Ellen Brown: Taxpayers are paying $36 billion annually to private banks for the privilege of parking their excess reserves at one of the most secure banks in the world – parking their reserves rather than lending them out.’
Ellen Brown: To fund a project as massive as the Green New Deal, we need a mechanism that involves neither raising taxes nor adding to the federal debt; and such a mechanism is actually proposed in the US Green New Deal – a network of public banks.
Matthew Johnson: The college bribery scandal is just the latest example of what anyone who’s been paying attention should already know: the United States is not a meritocracy.
Jessica Goodheart: As cities struggle to rein in the short-term rental service, a detente in San Francisco may show the way.
Mel Gurtov: Two things can be said with certainty about Trump’s 2020 budget request: It is DOA, dead on arrival, in the House; and it is a political document, catering to his loyal supporters, rather than a serious fiscal statement.
Richard D. Wolff: Public opposition to Amazon was stunning not only in the speed of its formation and growth, but also in its implications.
Ellen Brown: The Fed relentlessly pushed on with quantitative tightening through 2018, despite a severe market correction in the fall.
Daffa Zaky: Probably the number 1 thing you need to understand is to learn the basics first. Forex markets can grow complex as you invest more in the market.
Robert Reich: When he was in business, Trump perfected the art of using bankruptcy to shield himself from the consequences of bad decisions – socialism for the rich at its worst – while leaving employees twisting in the wind.
Richard Wolff: Mr. Trump, the biggest single cause of Americans interest in socialism is because the economy, the capitalist economy you represent, hasn’t worked real well for the majority of people.