Policy Fellow Linda Stamato argues for the establishment of a public bank in New Jersey, emphasizing the potential benefits it could bring to the state’s economy and communities. She highlights how public banks, unlike commercial banks, prioritize local interests by reinvesting deposits back into the community through loans for small businesses, infrastructure projects, and affordable housing. By providing lower-cost financing and reducing reliance on Wall Street, a public bank could address pressing challenges such as climate change, income inequality, and racial disparities. The article also notes successful examples of public banking in other states, suggesting that New Jersey should seize this opportunity to create a resilient, equitable, and sustainable financial system for its residents.
Risk Analysis Celebrates Distinguished Prof. Greenberg
Michael Greenberg: Master Synthesizer of Risk, Public Health, and Public Policy by Joanna Burger & Karen W. Lowrie Michael Greenberg is an extraordinary researcher, teacher, and pioneer who has combined his broad knowledge and expertise in environmental...