from The Daily Bell:
From Austerity to Abundance: Why I Am Running for California Treasurer … Governor Jerry Brown and his staff are exchanging high-fives over balancing California’s budget, but the people on whose backs it was balanced are not rejoicing. The state’s high-wire act has been called “the ultimate in austerity budgets.” … There is another way to balance a state budget, one that leads to prosperity rather than austerity. California can stimulate its economy and the job market, restore low-cost higher education, build 21st-century infrastructure, preserve the environment, and relieve the state’s debt burden, by establishing a bank that is owned by the people and returns its profits to the people. – EllenBrown.com
Dominant Social Theme: If “the people” run central banking everything will be swell.
Free-Market Analysis: If we can do one thing in this life, it would be to expose the economic gobbledygook behind the resurgence of “public banking” economics once and for all.
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