The Public Banking Institute mentioned in US News & World Report: Americans Leading a ‘Do It Yourself Economy’ As Washington Stalls

David Brodwin • http://www.usnews.com/opinion/blogs/economic-intelligence • August 2, 2012

…Americans are taking matters into their own hands. A new movement called the “D.I.Y. economy” is emerging. But in this context “D.I.Y.” takes on a different meaning: It’s not about going to Home Depot to get the parts you need to fix your sink; it’s about driving economic development at the local level, with local leadership, guided by a more robust and sustainable vision.

…The Public Banking Institute encourages the formation of state banks, like the Bank of North Dakota, which for decades has effectively promoted and funded local development there. Crowdfunding, recently approved by Congress, is now being implemented by the U.S. Securities and Exchange Commission.

Read the complete article here.

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2 Responses

  1. Wow! A major endorsement of the alternative economics movement (what they call the D.I.Y. economy, but that really understates the efforts of PBI and so many other organized political economy thinkers to radically change capitalism as we know it), from U.S. News and World Report – not exactly a liberal publication! We are getting traction.

  2. As we work to get state and locally owned banking we are pushed back by gov. and big banks. We need to take back control. Thank you

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