Banking and finance are essential to a modern economy, but they don't have to be privately owned to do it. The Federal Reserve must be transformed to create a system of publicly-owned banks. Gerald Epstein joins Paul Jay on theAnalysis.news podcast.
Tag - public banking
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The Federal Reserve has been subsidizing the megabanks, but what's needed is an institution that provides the backstop, the loan guarantees, the subsidies, the lines of credit, et cetera, to support the development of a whole variety of public financial institutions. Gerald Epstein on theanalysis...