Tag: state-owned bank
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The Public Bank Option: Safer, Local and Half the Cost
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A UK study published on October 27, 2017 reported that the majority of politicians do not know where money comes from. According to City A.M. (London) : More than three-quarters of the MPs surveyed incorrectly believed that only the government has the ability to create new money. . . . The Bank of England has previously intervened…
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What a State-Owned Bank Can Do for New Jersey
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Phil Murphy, the leading Democratic candidate for governor of New Jersey, has made a state-owned bank a centerpiece of his campaign. He says the New Jersey bank would “take money out of Wall Street and put it to work for New Jersey – creating jobs and growing the economy [by] using state deposits to finance…