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Money & Banking

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A HOLC redlining map superimposed on a row of vacant houses

What banks owe communities: Towards a 21st century Community Reinvestment Act

Isaiah J. Poole and Devin Case-Ruchala discuss the future and yet-to-be-fulfilled potential of a landmark community investment law with John Holdsclaw and Gregory Jost, community development experts and practitioners. read more
Overhead views of New York and LA with a bank icon superimposed across them

The Campaign for Public Banks, From Coast to Coast

David Jette, the co-founder and legislative director of Public Bank LA, and Juleon Robinson, a program associate at the New Economy Project working on a campaign to establish a municipal bank in New York City, discuss the nationwide movement to establish public banks, including a landmark ballot measure in Los Angeles. read more
Element of the democratic economy: Public bank

Public Banks

How financial institutions owned by and accountable to the people help create a nonextractive economy. read more

Stories

Episode 24: The Antidote to the Amazon Economy

Stacy Mitchell, Co-Director of the Institute for Local Self-Reliance (ILSR) joins Adam Simpson and special co-host Katie Parker to discuss how locally-minded economics would change our communities. read more

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Community Reinvestment Act

A next system of community investment: Community Reinvestment Act reform in the 21st century

The Community Reinvestment Act was passed by Congress in 1977 to spur lending and investing in communities of color and lower-income neighborhoods. What updates would be needed to continue to meet this mandate and support community wealth building? read more
The sun setting with an ocean-based oil rig on the horizon

Quantitative Easing for the Planet

To keep carbon safely in the ground, the government should secure control of fossil fuel reserves by promoting a federal buyout of the top US-based, publicly-traded fossil fuel companies, using the power of the Federal Reserve to deploy newly created money into the financial system. By focusing on major companies in the first links of the fossil fuel supply-chain, the federal government could detach growth- and profit-driven interests from reserves and halt otherwise inevitable extraction. read more

The Crisis Next Time: Planning for Public Ownership as an Alternative to Corporate Bank Bailouts

When the next financial crisis hits, we need to be ready for more than another round of no-strings-attached bailouts and weak regulations that corporate finance can roll back a few years later. It’s time to put permanent public ownership on the table as a policy option for how we rescue banks that are still too big to fail. read more
A modern light rail train at a station

Policy Brief: Rebuilding America’s Infrastructure

Against infrastructure strategies that depend on private investment and public-private partnerships (PPPs), Democracy Collaborative Fellow Ellen Brown, founder and president emeritus of the Public Banking Institute, shows how public strategies for investing in infrastructure can deliver far more at lower costs for the public good. read more