Why Chicago should start a public bank

Posted on December 19, 2020Comments Off on Why Chicago should start a public bank

As Chicago contemplates a COVID-19 economic recovery plan, the city cannot afford to think small. For too long, civic and business leaders have relied on corporate philanthropy, tax credits, and market reforms to recover from crises. These tools work only on the margins, which is why they invariably fizzle.

Arresting poverty, inequality and the racial wealth gap requires a genuinely transformational tool: a public bank.

Comments Off on Why Chicago should start a public bank