Thinking outside the strongbox. Can public finance beat Wall Street? Take it to the bank!

Originally posted on Public Banking:

Peter Seidman • PacificSun.com • August 20, 2012

The next time you hear someone say the Occupy Wall Street movement was interesting but is losing steam and that all its participants do is protest and demonstrate rather than take positive action, don’t believe it.

For the most part, the national media stopped covering Occupy Wall Street when images of protesters became too mundane to make the nightly news—not enough sensationalism.

Critics say the movement is doomed to a slow decline because its proponents have turned their backs on participation in the traditional political process. But looking at the corruption of the big banks and the rigged financial system that brought down the economy, a group of people in sympathy and synchronicity with the Occupy movement decided to push for a new way of doing financial business: use a public-banking model that can eviscerate the power of the few big financial…

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