Greetings!
With the addition of new bills introduced in the legislatures of Vermont, New Hampshire, and Idaho, the total number of states that have considered, or are considering, a state bank or a study for such since 
2010 now numbers 17, over 1/3 of these United States, not including North Dakota, which has successfully operated a publicly owned bank for 93 years.
Granted, no state has actually implemented a state bank, but the conditions that engendered the current crisis are, as Paul Krugman recently noted, not getting any better. We would like to believe that, despite the unlimited resources of the opposition, it’s only a matter of time before a state, county, or municipality joins North Dakota in leveraging its tax revenues in the public interest.
Perhaps such a leap will be taken during this leap year? In this issue, you’ll find an overview of the current status of public banking in the U.S. by our President, Ellen Brown.
Also, as a run up to our inaugural national conference in Philadelphia, April 27-28, we’ll be featuring articles by some of the compelling thought leaders that will be presenting at the event. In this issue, Tom Greco examines effective alternatives to Federal Reserve Notes for creating economic activity in times, such as ours, when the money supply is being suppressed.
We hope you’ll join us—your friends, and colleagues—for what promises to be a memorable get together in the city that engendered the first American revolution.
Robert Bows2010 now numbers 17, over 1/3 of these United States, not including North Dakota, which has successfully operated a publicly owned bank for 93 years.
Granted, no state has actually implemented a state bank, but the conditions that engendered the current crisis are, as Paul Krugman recently noted, not getting any better. We would like to believe that, despite the unlimited resources of the opposition, it’s only a matter of time before a state, county, or municipality joins North Dakota in leveraging its tax revenues in the public interest.
Perhaps such a leap will be taken during this leap year? In this issue, you’ll find an overview of the current status of public banking in the U.S. by our President, Ellen Brown.
Also, as a run up to our inaugural national conference in Philadelphia, April 27-28, we’ll be featuring articles by some of the compelling thought leaders that will be presenting at the event. In this issue, Tom Greco examines effective alternatives to Federal Reserve Notes for creating economic activity in times, such as ours, when the money supply is being suppressed.
We hope you’ll join us—your friends, and colleagues—for what promises to be a memorable get together in the city that engendered the first American revolution.
robert.bows@publicbankinginstitute.org
PBI Newsletter Editor
Public Banking Institute
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