Real Progressives @RealProgressUS abe. 15
(https://twitter.com/wbmosler/status/942108014726778880)
“The immediate question following the Seattle vote was who should Seattle bank with given other Wall Street…
Seattle Municipal Bank–A Future For US All
By Matt Remle and Nikkita Oliver,
Good question, wrong answer. I prefer federal grants to municipalities and appropriate regulation.
Given that Seattle has no direct control over federal policy and these changes would be difficult at best, what are your thoughts on the public bank as an alternative solution?
Both public and private banks are extremely dangerous animals.
Seems like a public bank though could operate with a limited scope in a non-profit manner in the public interest and be subject to local regulation, if setup properly, no?
Even with all that it can go awry as many public banks have done historically, as there are strong incentives for lending to become politicized.
Replying to @wbmosler @RealProgressUS
Corruption and politics is a problem we can’t seem to escape anywhere. I guess, I am just wondering if there is an advantage to this over private for profit banks in the absence of ideal federal policy.
(Segida: https://twitter.com/wbmosler/status/942206083082412032)
Replying to @TxEx @RealProgressUS
Like the Fed, World Bank, IMF etc? 😉
2017 abe. 16
Gogoratzekoa: Warren Mosler-ek bankugintzaz
