The Great Public Banking Debate: Public Banking versus Private Banking. “Should State and Local Governments Own Public Banks?” • April 13, 2012

If you are not happy with the way Wall Street operates, there is an alternative. We can create public banks to create public money for the public good. In fact, here in DC, a group has already formed to look into creating a public bank for the city modeled after the only public bank in the U.S., the Bank of North Dakota, formed back in 1919 and going strong today.

When: Friday, April 13 – 11 AM – 1PM
Where: Florida Avenue Meeting House, 2111 Florida Avenue between Decatur and S Street NW

Marc Armstrong, Executive Director, Public Banking Institute
Mark Calabria, Director, Financial Regulation Studies, CATO Institute

Watch live streaming video from mobilebroadcastnews at

Read the article here.

Bookmark and Share

2 Responses

  1. I think the issue should not be about public versus private but about interest on money. An example demonstrates that the current financial system can easily be overturned if you eliminate interest on money, see:

    In 1933 the experiment was forbidden by the government when all communities in Austria wanted to copy it. If it had not been blocked then, the financial system would have looked different now. The experiment can be done again en then it cannot be stopped because there is Internet and it will not go unnoticed.

    The reason for its success is that an economy without interest is more efficient:

    I have built a program that can run banks under this type of money. The program can facilitate a million banks and a million currencies and do all basic banking operations (current accounts, savings, loans) in a world wide network:

    The system is now ready for use. It can be improved when it is used based on requirements that may arise.

    This idea can change the world. I only need a community that will do the experiment. If you are interested, you may contact me at info (at)

  2. In my effort to AMPLIFY the global dialogue here are two events worth discussion and attendance:

    EVENT: April 27 and 28, 2012
    The Public Banking Institute is hosting the inaugural Public Banking in America Conference in Philadelphia
    Read more:

    EVENT: 8am-6pm April 24th, 2012 San Francisco, CA.
    2012 unMoney Convergence
    Most of the conference will be participant driven, the agenda will be created live over the course of the event by those attending. We will primarily use Open Space Technology to organize ourselves. Everyone attending is welcome to present or lead a discussion about the topics they are interested in. Feel free to add a workshop and/or discussion you would like to attend, facilitate or lead when you register.
    Our goal is to bring together and support deep dialogue and collaboration between the range of interesting emerging ideas around money and exchange systems.
    Read more:

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s

%d bloggers like this: