Difference between revisions of "Idea: A Municipal Bank For Philadelphia"

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This Wikidelphia idea page proposes '''A Municipal Bank For Philadelphia'''.
 
This Wikidelphia idea page proposes '''A Municipal Bank For Philadelphia'''.
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See also [https://othernetworks.org/Public_Banking_Institute Public Banking Institute]
  
 
== Why should Philadelphia Have Its Own Bank? ==
 
== Why should Philadelphia Have Its Own Bank? ==

Revision as of 23:29, 1 February 2022

This Wikidelphia idea page proposes A Municipal Bank For Philadelphia. See also Public Banking Institute

Why should Philadelphia Have Its Own Bank?

  • The City can save money and even earn money by creating its own bank... The bank could bring in new revenue without raising taxes!!!

Here's a GREAT two minute video about Public Banks

A little longer video, but worth every second

Resources

Public Banks Are...

  • Viable solutions to the present economic crises in US states.
  • Potentially available to any-sized government or community able to meet the requirements for setting up a bank.
  • Owned by the people of a state or community.
  • Economically sustainable, because they operate transparently in the public interest.
  • Able to offset tax increases with returned credit income to the community.
  • Ready sources of credit for local governments, satisfying the need for “rainy day” funds required to promote the public interest, as defined in their charters.
  • Constitutional, as ruled by the U.S. Supreme Court.

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Articles

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Ellen Brown

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