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LEFT OUT: Raúl Carrillo and Tousif Ahsan on creating a public bank in NYC

Release Date: 04/24/2019

LEFT OUT: Raúl Carrillo and Tousif Ahsan on creating a public bank in NYC

LEFT OUT

On this episode, Left Out's Paul Sliker & Dante Dallavelle speak with Raúl Carrillo of New Economy Project and Tousif Ahsan of NYPIRG about the coalition effort to bring a public bank to NYC as part of a broader vision for economic and racial justice; commercial vs. public banking models; and how public money can work for the public good.

[TEASER] Raúl Carrillo and Tousif Ahsan on divestment, investment, and the function of a public bank

LEFT OUT

In this Left Out teaser, Raúl Carrillo and Tousif Ahsan explain the roles of divestment, investment, and the function of a public bank.

[TEASER] Raúl Carrillo on redlining & how banks "lend" money

LEFT OUT

In this teaser, Raúl Carrillo explains how commercial banks work and the issue of redlining.

LEFT OUT: Erik Olin Wright on real utopias and anti-capitalist strategies

LEFT OUT

In this episode, we release an hour of unheard material from our conversation with Professor Erik Olin Wright, who sadly passed away this year on January 23rd, 2019. Erik Olin Wright was a leading Marxian professor and public intellectual who taught at the University Wisconsin for over four decades.

LEFT OUT: Maliha Safri on worker cooperatives and the solidarity economy

LEFT OUT

In this episode, Professor Maliha Safri of Drew University sits down to discuss her work centered on worker cooperatives and their relation to the larger solidarity economy. We talk about New York City's and Philadelphia's worker cooperative movements and how they differ from other waves of worker cooperative development in the past. We also talk about worker cooperative development initiatives that are taking place in NYC and how support from the municipal government can best be leveraged. To access some of Professor Safri's work visit http://drew.academia.edu/MalihaSafri For her work...

[BONUS] Michael Hudson: an autobiography

LEFT OUT

In this bonus episode, listen to the fascinating story of renowned economist Michael Hudson — the professor featured on our weekly economic and financial news series — The Hudson Report.

THE HUDSON REPORT: The "next" financial crisis and public banking as the response

LEFT OUT

In this episode of The Hudson Report, we speak with Michael Hudson about the implications of the flattening yield curve, the possibility of another global financial crisis, and public banking as an alternative to the current system.

LEFT OUT: Pavlina Tcherneva on the macroeconomic effects of a job guarantee

LEFT OUT

In this episode of Left Out, Paul Sliker speaks with Pavlina Tcherneva at the Levy Economics Institute about the macroeconomic effects of a federal job guarantee, the common criticisms around its design and implementation, and much more.

[TEASER] Pavlina Tcherneva on how a job guarantee pegs the dollar to labor

LEFT OUT

In this Left Out teaser, economist Pavlina Tcherneva explains how if the US Government were to initiate a federal job guarantee, it would be pegging the US Dollar to labor and creating a condition where human labor becomes the anchor for the currency.

[TEASER] Pavlina Tcherneva on Hyman Minsky and Post-Keynesian Institutionalism

LEFT OUT

One of the main features of Minsky’s work is that he took an “institutionalist” approach and argued that abstract economic theory could not be applicable in all times and places but must be institution-specific.

More Episodes

Timestamps of topics discussed:

Introduction to Raúl Carrillo (2:08)
Intoduction to Tousif Ashan (4:58)
What is the New Economy Project and Public Bank NYC coalition? (9:18)
Bigger picture: What is wrong with the current banking system and what is the case for public banking as an alernative? (13:36)
How a public bank would work in New York City: legally, financially, and economically (15:09)
Relationship with individual depositers: public banks versus commerical banks (21:41)
Listener question: Will public banks replace private commercial loans to companies? (Plus: What’s the model for governance to make sure that the public’s money stays in the hands of the public?) (23:17)
How different cultures have different relationships between people and the resources they generate (27:53)
On redlining and how banks "lend" money (29:18)
Existing public banking models vs. the Public Bank NYC model (33:12)
A public bank as a nonpartisan project/institution (35:28)
The relationship between big banks and alternative lending (38:55)
The structural effects of a public bank in NYC and how it might disrupt how existing commerical banks operate (41:18)
What are the biggest struggles and challenges to bringing a public bank to NYC? (44:45)
Tactics for educating and promoting the concept and creation of a public bank (46:19)
Grassroots organizing for a public bank and the issue of scale (48:18)
How to get involved in organizing and supporting the coalition for a public bank in NYC (50:20)
Organizing for a public bank in your community (52:17)

To learn more, support, or get involved in organizing with the Public Bank NYC coalition, please visit: www.publicbanknyc.org

Follow on Twitter: @PublicBankNYC

Follow on Twitter: @RaulACarrillo

Follow on Twitter: @NewEconomyNYC

Follow on Twitter: @NYPIRG

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