Capital hill government spending concept (Adobe Stock) By Ellen Brown / Original to ScheerPost “It was not the highly visible acts of Congress but the seemingly mundane and often nontransparent actions of regulatory agencies that empowered the great transformation of the U.S. commercial banks from traditionally conservative deposit-taking and lending businesses into providers of wholesale […]
Tag: Ellen Brown
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Ellen Brown: The Supreme Court Takes on the Administrative State
Source: SCOTUSblog By Ellen Brown / Original to ScheerPost In a highly controversial decision, the Supreme Court on June 28 reversed a 40-year old ruling, reclaiming the Court’s role as interpreter of statutory law as it applies to a massive body of regulations imposed by federal agencies in such areas as the environment, workplace safety, […]
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Ellen Brown: Why Does the Government Borrow When It Can Print?
By Ellen Brown / Original to ScheerPost In the first seven months of Fiscal Year (FY) 2024, net interest (payments minus income) on the federal debt reached $514 billion, exceeding spending on both national defense ($498 billion) and Medicare ($465 billion). The interest tab also exceeded all the money spent on veterans, education, and transportation […]
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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 […]