Monday, November 05, 2012

SteveLendmanBlog: Public Banking Works

SteveLendmanBlog: Public Banking Works:
by Stephen Lendman

Publicly-owned banks work as intended. Colonial America had them for 25 years. Tax and inflation-free prosperity followed.

Money created produced economic growth. It ended when Bank of England scoundrels regained control.

Public banks aren't predatory profiteers. They're not beholden to Wall Street, shareholders, or greedy corporate executives. They serve communities, states or nations responsibly. It works the same way everywhere they exist...