Public Banks, The US Economy, And A Vermont Option (CRITICAL CARE)

Publisher’s Note: Our ‘Plan V’ for our emerging 2nd Vermont Republic places PUBLIC FINANCE in the #1 pole position for reasons which by now should be obvious – Vermont’s financial fortunes are directly tied to the US Empire, and the financial implications of the catastrophic COVID PLANdemic for Vermonters here in the Green Mountains are unfolding in real time before our eyes. The Public Banking Institute offers FOUR solutions in an open letter to Congress here. Meanwhile, Vermont Governor Phil Scott’s decision to extend the “Shelter In Place” for more than another month into mid May is a disaster for Vermont’s small business owners, wage workers, and Vermont’s economy.

Immediate actions:
#1: Put real money into the real economy. At least $1,200 per month to all US adults as long as needed.
#2: Put money in people’s hands NOW. Get relief funds to people immediately by restarting Post Office Savings Accounts to direct deposit relief funds, and/or by using Treasury Direct accounts to direct deposit newly-issued Treasury dollar bills.
#3: Get money to the states. States can get 0% loans by forming their own public banks. 
#4: Cancel debts held by the federal government, starting with student debts.