This week Eric welcomes to the show author Ellen Brown to discuss the movement for public banking, and why a transformation of the US banking system is so necessary. The conversation begins with a discussion of public banking: What is it? Why is it important? What interests are threatened by it? From there, Eric and Ellen explore a wide variety of topics, from the Bank of North Daktoa to the roots of the monetary debates of the late 19th Century and their impact on our financial system today. In the second half of the show, Eric and Ellen discuss some exciting developments in the public banking movement, including endorsements from progressive leaders and calls for states like New Jersey and California to form public banks. Ellen outlines some short-, medium-, and long-term goals for the public banking movement, and explains how and why they’re so attainable. These and many other subjects covered in this week’s CounterPunch Radio.
Music: The Flying Lizards – “Money (That’s What I Want)”