The public bank solution
Subtitle: from austerity to prosperity
By: Ellen Hodgson Brown
Edition: First edition.
Publisher: Third Millennium Press
Published: 2013
Language: eng
Number of pages: 471
ISBN-13: 9780983330868
Subjects: Banks and banking; Government ownership; History
Description: "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.
Notes: Includes bibliographical references (pages 441-464) and index.