Making Our Money Do What We Want
Bemoaning what our government does with our money is an endless lament for many. But when our personal banks get involved with things we find intolerable such as exploitative lending or environmental injury, a new window of responsiveness opens up. That was the realization of this week’s guest Fran Korten, publisher of Yes! Magazine, who began a national “Move Your Money” moment in support of the protests at the Dakota Access Pipeline – she identified the banks who were investing in it, shared it, and then the fun started. We also visit with Paul Glover, creator of the Ithaca dollar, which demonstrates how a complementary community currency can create a breakthrough for local economies by creating a new layer of wealth. Then we get brought up to speed on the progress of citizens in Santa Fe, NM where efforts to create a local public bank have crossed another threshold toward realization. And PBI Senior Advisor Mike Krauss discusses how critical the role of governance is to insuring that new public banks don’t get coopted by the Powers That Be.