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Ellen Brown on Tackling California’s Budget Crisis: Raise Taxes, Cut Programs, or Form a Bank?

The California State Capitol is home to the government of California. The building houses the bicameral state legislature and the office of the governor (Flickr) By Ellen Brown / Original to ScheerPost In 2022, the state of California celebrated a record budget surplus of $97.5 billion. Two years later, according to the Legislative Analyst’s Office, […]

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Ellen Brown on the Public Bank That Wasn’t: New Jersey’s Excursion into Public Banking

By Ellen Brown / Original to ScheerPost In 2017, Phil Murphy, a former Goldman Sachs executive, made the establishment of a public, state-owned bank a centerpiece issue during his run for New Jersey governor. He regularly championed public banking in speeches, town halls and campaign commercials. He won the race, and the nation’s second state-owned bank following […]