Fiat Currency

In 1913, the U.S. government gave its right to create currency to the Federal Reserve Bank. Prior to that the Federal government had created money itself. These were called Greenbacks. The value of a Greenback fell dramatically during and after the Civil War because too many had been printed to fund the Union war effort….

Public Banking

A public bank is essentially a nonprofit organization, owned by a local, state or federal government that manages its own checking/savings accounts, accepts deposits and makes loans. Governments are already in the lending business. Most governments have a portfolio of loans to small business, farmers/ranchers, and homeowners, managed by different governmental organizations. A public bank…

Utilities

Utility companies provide electricity, cable Internet, cell service and natural gas. The free market may be less capable of providing utilities because generally only one utility company can operate in each area, and/or because governments often regulate or subsidize the construction of lines and access, and this benefit should not go to any private corporation. …

Mass Transportation / Public Roadways

All citizens share the roadways and mass transportation systems.  Even those who do not use mass transportation can benefit from these services insofar as the systems increase property values by making commuting more efficient.  No individual can have access to such a system without a community or a corporation to provide it.  Since roadways and…

Access to Culture

Some believe that culture –literature, visual art, music, theater and etc.– is an important aspect of a healthy state.  Culture, as distinct from entertainment, is often not commercially viable. How, then, do artists support themselves?  During the Great Depression, the Work Progress Administration funded many public art projects. Some of these state-sponsored art projects were…