FDL Book Salon Welcomes Ellen Brown, The Public Bank Solution: From Austerity to Prosperity

By: Saturday September 14, 2013 1:59 pm

Here’s the core of her argument. Because banks create most of our money, they control the very essence of the economy. To regain control of our economic well-being we need public banks that make investments in the public goods, services and jobs that we all need. Public banks can do all that without running up the national debt or raising taxes. Public banks, like private banks, fund investments. But, as Ellen writes:

“The difference is that a publicly-owned bank returns the interest to the government and the community, while a privately-owned bank siphons it into private accounts, progressively drawing money out of the productive economy.”

 

Empires Strike Back: Status Quo Will Fight Reformers on Many Fronts – Lessons from the Nonpartisan League, Part Five

By: Wednesday July 7, 2010 3:55 pm

The people who benefit from the status quo will fight tooth and nail against movements to reform it. Any grassroots movement that tries to put the power back in the hands of regular people will inevitably be attacked by those who profit from having the power. As we have seen with the Nonpartisan League, its enemies smeared it, tried to subvert its message and stole its techniques.

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