By Ellen Brown
Today most of our money is created, not by governments, but by banks when they make loans. Banking on the People takes the reader step by step through the sausage factory of modern money creation, explores improvements made possible by advances in digital technology, and proposes upgrades that could transform our outmoded nineteenth century system into one that is democratic, sustainable, and serves the needs of the twenty-first century.
Banking on the People looks at how our banking system really works, the inherent contradictions in the model, and why regulation has not worked to fix them. It then explores some new developments and proposes a model that bypasses exploitation for private profit, turning banking into a public utility that serves the people and the economy.
About Ellen Brown
According to Wikipedia "Ellen Hodgson Brown (born September 15, 1945) is an American author, attorney, public speaker, and advocate of alternative medicine and financial reform, most prominently public banking. Brown is the founder and president of the Public Banking Institute, a nonpartisan think tank devoted to the creation of publicly run banks. She has appeared on cable and network television, radio, and internet programs and podcasts."
Publisher: The Democracy Collaborative
Public Banking on the March
Ellen Brown spoke at the Public Banking on the March event in Denver, Colorado on March 9, 2018:
- Ellen Brown's personal website
- "Author Ellen Brown Discusses how Public Banking can Create Shared Prosperity" - interview at Resilience, 13 Aug. 2019
Table of Contents of Banking on the People
Part I - Modern Banking: How It Works, Why It Has Failed and Why Regulation Hasn't Fixed It
- The End of the Debt-Growth Model
- The New Face of Banking
- Sleight Of Hand Is Essential to Modern Banking
- The Elephant in the Room
- Fixes that Fell Short
- Ten Years after the Crisis
Part II - Banking that Works for the People
- To Downsize or Nationalize?
- Monetizing Local Credit with Publicly Owned Banks
- The Radical Anarchist Solution
- From Commodity Money to Mutual Credit
- Asian Payment and Credit Ecosystems
- Central Bank Digital Currencies
- A Central Bank for Main Street
- What the Fed Could Do with Its New Tools
- "Qualitative Easing"
- How to Fund a Universal Basic Income without Increasing Taxes or Inflation
- Eliminating the Income Tax and Popping the Financialization Bubble
- Conclusion: Re-Envisioning Money - Banking That Empowers