In a wide-ranging interview on The Tucker Carlson Show, renowned economist Richard Werner dismantles conventional myths about money creation, arguing that commercial banks—not central banks or governments—are the primary creators of money. Through what he calls the “credit creation theory,” banks generate money ex nihilo by entering loan amounts directly into borrower accounts, rather than […]| Public Banking Institute
Zohran T. reports in Next City that federal disaster relief systems are slow, fragmented, and deeply inefficient—especially when it comes to flood-related property buyouts. Although buyouts are one of the most cost-effective climate resilience tools—delivering an estimated $5–$9 in benefits for every $1 invested—federal programs like FEMA and HUD remain reactive, overly bureaucratic, and inaccessible […]| Public Banking Institute
Zohran Mamdani’s campaign for economic transformation in New York City is deeply aligned with the principles of Community Wealth Building (CWB), a model championed by The Democracy Collaborative. CWB emphasizes local ownership, democratic control, and reinvestment in communities rather than extraction by private capital. Mamdani’s platform includes municipal grocery stores, community land trusts, worker cooperatives, […]| Public Banking Institute
With the dramatically growing need for new infrastructure finance, County Executive attendees to the 2025 Natonal Association of Counties (NACo) have voted overwhelmingly to support adoption of House bill HR 4052, which would establish a National Infrastructure Bank. This bank is based on an updated version of the iconic New Deal public banking institution called the Reconstruction Finance Corporation (RFC). The RFC was largely responsible for getting the US out of the Great Depression, fin...| Public Banking Institute