Keith Helmuth - Public Banking: The Bank of New Brunswick (Economy)
Channel: The Dennis Report
Date: 2017-11-28

There is a solution to the on-going challenge of our provincial debt - it is called the Bank of New Brunswick. Keith Helmuth shares his research and knowledge on how such a structure could positively impact the economics of government and province, and nurture a better sense of the common good.

Two key points need to be outlined at the outset. First, you cannot solve a problem using the same mindset that created the problem ... so a solution to our provincial debt necessarily has to take us out of the process which created it. The Bank of New Brunswick concept does that.

Second, at play in the narrative on our provincial debt is a phenomenon akin to the "Five Monkeys" social experiment (the link is below), with the dominant theme to the conversation as "I don't know why we do it this way, it is just the way we do things around here."

Mr. Helmuth maps out a concept and a history of other public banks which clearly point in the direction of a solution. Maybe it is time we let go of old "Fifth Monkey" style solutions. Maybe it is time to take care of our province ourselves. Thoughts?

Fifth Monkey experiment link: https://www.youtube.com/watch?v=y-PvBo75PDo

Public Banking Institute: http://www.publicbankinginstitute.org/