Economics, Reimagining and Reinventing Economies, Reimagining and Reinventing Societies and Social Thought

Banking on Fairness Is a Risky Business

In part five of our series on public banking, S. L. Mintz considers several public financing models. “But before embracing public banks’ promise of low cost funding, advancement of local priorities and welcome returns on investment,” he says, “informed taxpayers should weigh risks that can derail good intentions.”

Reimagining and Reinventing Economies, Reimagining and Reinventing Societies and Social Thought

Despite Bipartisan Support, Public Banking in Michigan Spurs Skepticism

This post, part four in the series on public banking, takes us to Michigan where a public banking bill has received bipartisan support, but one critic there has serious concerns.

Reimagining and Reinventing Economies, Reimagining and Reinventing Societies and Social Thought, Society

Planting a Public Bank in the Garden State

Public banking is common sense says the former global co-head of investment management for Goldman Sachs, who put himself through Harvard and earned his MBA from the Wharton School at the University of Pennsylvania.

Reimagining and Reinventing Societies and Social Thought, Society

Banking of, by and for the People?

When residents of Yorba Linda and Placienta, California, approved a $200 million school construction bond, they got a nasty surprise. “Just one $22 million borrowing from 2011 will cost taxpayers nearly 13 times that amount — $280 million — to repay,” the Orange County Register reported in 2015.