The People’s Money The Case for Public Banking in the United States

Free Download Adrian Kuzminski, "The People’s Money: The Case for Public Banking in the United States"
English | ISBN: 1666949019 | 2023 | 158 pages | EPUB, PDF | 827 KB + 1214 KB
The People’s Money: The Prospect for Public Banking in the United States, offers a broad account and analysis of the most radical policy proposal of the populist movement: a new monetary currency issued by a public banking system. Nineteenth century American populists proposed a radical theory of sovereign money creation through public banking. Money would be issued as loans based on collateral to individuals at local public banks, much as it is created by private banks in the existing banking system. Public banking, however, would operate as a non-profit community service. Usurious rates would be replaced by 1% fixed interest, corresponding to the natural rate of resource depreciation over a lifetime. The populist idea of a natural rate of interest represents an intriguing confluence of ecological and monetary thinking.

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