The Public Bank Solution: From Austerity to Prosperity - medicalbooks.filipinodoctors.org

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The Public Bank Solution: From Austerity to Prosperity

Brand: Third Millennium Press
ISBN 0983330867
EAN: 9780983330868
Category: Paperback (Economic History)
List Price: $25.00
Price: $8.48  (Customer Reviews)
You Save: $16.52 (66%)
Dimension: 8.90 x 5.90 x 1.20 inches
Shipping Wt: 1.62 pounds. FREE Shipping (Details)
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Product Description

WHAT WALL STREET DOESN'T WANT YOU TO KNOW. Shock waves from one Wall Street scandal after another have completely disillusioned us with our banking system; yet we cannot do without banks. 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.

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