The Public Bank Solution: From Austerity to Prosperity

WHAT WALL STREET DOESN'T WANT YOU TO KNOW. Shock waves from one Wall Street scandal after another have completely disillusioned us with our banking system; yet we cannot do without banks. Nearly all money today is simply bank credit. Economies run on it, and it is created when banks make loans. The main flaw in the current model is that private profiteers have acquired control of the credit spigots. They can cut off the flow, direct it to their cronies, and manipulate it for personal gain at the expense of the producing economy. The benefits of bank credit can be maintained while eliminating these flaws, through a system of banks operated as public utilities, serving the public interest and returning their profits to the public. This book looks at the public bank alternative, and shows with examples from around the world and through history that it works admirably well, providing the key to sustained high performance for the economy and well-being for the people.

Author: Ellen Hodgson Brown
Publisher: Third Millennium Press
Published: 06/11/2013
Pages: 486
Binding Type: Paperback
Weight: 1.45lbs
Size: 8.90h x 5.90w x 1.20d
ISBN13: 9780983330868
ISBN10: 0983330867
BISAC Categories:
- Business & Economics | Banks & Banking
- Business & Economics | Finance | General
- Business & Economics | Economic History

This title is not returnable