Resources for Public Banking
The Public Banking Institute
The Public Banking Institute (PBI) was formed in January 2011 to spread awareness of the transformative power of public banking and support efforts to create public banks at every level of government. PBI is a 501(c)(3) non-profit organization.There is a great wealth of information at this website and it's worth the time to go over it entirely. Their resources page is extemely helpful. We won't duplicate what is there, so it should be your first stop for resources.
The Public Bank Solution & Ellen Brown
Ellen Brown is one of the co-founders of the Public Banking Institute and a renowned expert on public banking. Her book The Public Bank Solution is a must read for an in depth understanding of public banking.Ellen's webpage/blog is full of valueable information and is constantly being updated. There are links to her books and much more.
Our Common Wealth & Thomas Hanna
Thomas Hanna is the author of Our Common Wealth and a board member of the Public Banking Institute also. Public ownership is more widespread and popular in the United States than is commonly understood. This book is the most comprehensive and up-to-date analysis of the scope and scale of U.S. public ownership, debunking frequent misconceptions about the alleged inefficiency and underperformance of public ownership and arguing that it offers powerful, flexible solutions to current problems of inequality, instability, and unsustainability.
The Bank of North Dakota
Today, in partnership with a majority of North Dakota’s financial institutions, BND fulfills its mission to promote the development of agriculture, commerce and industry in North Dakota. The operating policy, established in 1919, stated that the Bank shall be “helpful to and to assist in the development of state and national banks and other financial institutions and public corporations within the state and not, in any manner, to destroy or to be harmful to existing financial institutions.” The Bank’s operating policy continues to serve as a guiding principle for the Bank’s work in our state. See the history of the BND.White Paper Report
The Northeast-Midwest Institute, a Washington D.C.-based nonprofit nonpartisan public policy organization formed in 1976, published an instructive 100-page report in September 2019 that details how the 18 states of the Northeast and Midwest “should create, structure, and regulate a state bank to best achieve its goals and address the problems facing the state.” The paper describes the major models of public banking around the world and in the United States and explains how the issues faced by states in the region can be solved through the creation of a state bank.What Is Money?
“The actual process of money creation takes place primarily in banks.” —Federal Reserve Bank of Chicago, “Modern Money Mechanics”How is money created? In our current system, banks create money, by bookkeeping entry, in the form of bank deposits (checkbook money) when they extend loans. In the process of extending a loan, both a loan (an asset) and a deposit liability are created—that is, no net asset is created. The important thing to remember is that when banks lend money, they don’t necessarily take it from anyone else to lend—they “create” it.