“Ethical Markets fully supports the important work of the Public Banking Institute, and is honored to have their founder and President Ellen Brown, monetary expert and author of “The Web of Debt” and” Banking on People” (2019) as a member of our Advisory Board.
~Hazel Henderson, Editor“
2020 part 1 of 6: Big challenges, big accomplishments
2020 has been an unprecedented year that has brought into sharp focus the urgent need for public banking.
Part 1 – April – Open Letters to elected officials
As the country faced the coronavirus shutdown and its disastrous economic aftermath, the Public Banking Institute responded swiftly and boldly.
· In April, we sent Open Letters to every member of Congress, Governor, and State Treasurer recommending immediate actions that would enable swift delivery of COVID-19 relief funds to individuals as well as to states. The recommendations included establishing state-owned banks that could tap into the Fed’s virtually interest-free money to reboot the economy during an overwhelming crisis.
· We released a strong media campaign about these recommended actions that resulted in many high-profile radio and online interviews.
· We heard from treasurers and task forces that these letters were definitely “on the table.”
· The fruits of these cumulative efforts, grown from a decade of advocacy groundwork at every level, were harvested in the Fall when public banking, postal banking, and National Infrastructure Bank legislation was introduced in Congress.
In such a challenging year, we engaged thousands of new advocates and audiences across the country, and shaped policy discussions and legislation at both national and local levels.