Should the City of Santa Fe establish a public bank? The State of New Mexico? Maybe a Bank of Gaza?
Not a very sexy topic, but I’m convinced it’s a red hot, super-charged, high-explosive subject that deserves a lot more attention here in New Mexico and around the rest of the country. Maybe even Gaza.
Approximately 300-350 people attended the Banking on New Mexico Symposium sponsored by the Public Banking Institute and We Are People Here! in Santa Fe (Sept. 27, 2014) but there should have been two or three times that many. The event’s livestream is archived here and here.
In a nutshell, a public bank is controlled by a state or the public under state control. It reinvests the public’s money in the community to meet public goals, rather than sending our money to Dubai in search of the greatest return for the shareholders. Think
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