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The public bank solution : from austerity to prosperity

Author: Ellen Hodgson Brown
Publisher: Baton Rouge, Louisiana : Third Millennium Press, 2013.
Edition/Format:   Print book : English : First editionView all editions and formats
Summary:
"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  Read more...
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Genre/Form: History
Document Type: Book
All Authors / Contributors: Ellen Hodgson Brown
ISBN: 0983330867 9780983330868
OCLC Number: 851034721
Description: xiv, 471 pages : illustrations ; 23 cm
Contents: Banking from Wall Street to Beijing : why we need something new --
Public banking through history : 3,000 B.C. to 1913 A.D. --
Public banking models spawned by depression and war --
Public banking models, hybrids and rivals after World War II --
Solutions : banking as a public utility.
Responsibility: Ellen Hodgson Brown.

Abstract:

"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."--Page 4 of cover.

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