
Ellen Brown | The Broken Economy & The Public Banking Solution
Infrastructure Funding and State Pension Investment
Public banks could cut the cost of infrastructure projects in California by 50% by providing low-interest or interest-free loans. Currently, the state faces a $750 billion infrastructure deficit, including needs for better roads and high-speed rail. By turning existing revolving funds into depository banks and leveraging state pension funds, California could keep billions of dollars within the local economy rather than sending it to Wall Street.

