New Policy Brief on Rebuilding America’s Infrastructure
In this new policy brief from the Next System Project, Democracy Collaborative fellow Ellen Brown, founder and president emeritus of the Public Banking Institute, explores alternative ways to fund and finance the rebuilding of America’s infrastructure. Rather than the likely approach of the Trump Administration, which focuses on forms of private investment that would impose a huge cost upon local residents, Brown’s vision focuses on public strategies for investment in infrastructure. The use of public depository banks could cut the financing costs by as much as $1 trillion and the interest generated from the loans would return to the public, rather than to private entities. The plan outlines mechanisms for the federal government to directly cover the costs of the pressing upgrades and repairs to our nation's roads, bridges, dams, water supplies, electrical grid, and transit lines by creating and investing new money.