It’s Our Money with Ellen Brown - Why We Need Public Banks Now - 06/18/14

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.