Unexamined assumptions often lock us into limited choices, especially when
it comes to the topic of managing public money. We assume there's only so much of it and that if we need more we must deal with the de facto guardians of its distribution, the big banks. Discovering that the public can source its own money for public interests has generated a groundswell of new efforts to create publicly-owned banks. On today's show, Ellen speaks with Mike Krauss, Chairman of the Pennsylvania Project, about the need and the issues underlying the growing public banking movement; on this week's Public Banking Report, co-host Walt McRee talks with an elected public official, Ed Brominski of Luzerne County, PA, who is leading the charge for change despite the entrenched resistance of his colleague's unexamined assumptions about municipal money management. |