Why the Fed Needs Public Banks
The Fed’s policy tools – interest rate manipulation, quantitative easing, and “Special Purpose Vehicles” – have all failed to revive local economies suffering from government-mandated shutdowns. . The Fed must…
The Fed’s policy tools – interest rate manipulation, quantitative easing, and “Special Purpose Vehicles” – have all failed to revive local economies suffering from government-mandated shutdowns. . The Fed must…
Insolvent Wall Street banks that have been quietly bailed out again under the cover of the Covid-19 pandemic should be public utilities.
Speculative bets with taxpayer money are being made on unproven technologies in the early stages of testing.
It has long been a goal of conservatives to privatize public pensions, forcing seniors into the riskier stock market. Lured in by market booms, their savings can then be raided…