Banks create money – nearly all of it. Should we recapture the sovereign power to create money by reclaiming ownership of the banks? Founder and President of the Public Banking Institute Ellen Brown argues that we need to own the banks – or at least some of them – in order to ensure the safety of our deposits, public and private; to reclaim the profits for the public interest; to reclaim control over where our credit goes and on what terms; and to cut the costs of government.
Ellen Brown on Why We Should Own the Banks
- Economics and Finance
- Institutional reform
- Public services