Would replacing our commodity-based economic model with one that prioritizes human-interest qualify to be called “Sacred Economics?” That’s the name of a book by Ellen’s guest this week, Charles Eisenstein, a highly popular radical re-thinker of the nature of human economy. Eisenstein observes some of the inherent flaws in our economic thinking and reminds us that we are the ones in a position to create new priorities. And co-host Walt McRee speaks with Santa Fe public banking leader Nichoe Lichen of Banking on New Mexico, which this past week saw release of a very positive city feasibility study that supports creating a new city-owned public bank.
This past year saw the crossing of financial boundaries and traditions around the world as economic and political events continue to make the monetary horizon an ever-changing realm. Digitized dollars and cash-less societies, global banks overruling national democracies and growing populist demands for economic fairness all help shape a view forward suggesting turmoil and perhaps real trouble for dominant bank institutions — and hence our own prospects. Ellen speaks with Wolfram Morales of the German Sparkassen savings banks that have taken it on themselves to help preserve the success of local banks around the world. And co-host Walt McRee joins Ellen and public banking commentator Matt Stannard for a retrospective on the year’s financial stories that they thought significant.