Municipal Banking: An Overview

This report lays out a broad framework for how municipalities can establish, fund, and operate publicly owned municipal banks based on principles of egalitarian, redistributive justice, worker rights, and more ecologically sound urban development. While this paper focuses on the potential for cities to create publicly owned banks, many of the core principles involved also apply

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The Federal Reserve as we know it today is the product of more than a century of evolving economic theory and political and social compromise. The monetary, regulatory, and supervisory policy choices of the Fed shape macroeconomic and financial conditions in the U.S. and abroad and have long-term impacts on economic inequality. By reforming Federal

As presented at a congressional briefing hosted by the House Full Employment Caucus on December 1, 2015. Congressman Conyers and members of the Full Employment Caucus, thank you for the privilege of speaking to you today on the issue of the Federal Reserve accountability to the public—a topic of perennial importance that has become even more

Big Ideas Breakfast Series

Our Big Ideas Breakfast Series features leaders, scholars, and policy experts in fields ranging from economics to human and civil rights, presenting their views on current and emerging issues. Breakfasts are by invitation only. To learn more about attending a future breakfast, please contact Johanna Bonewitz at jbonewitz@rooseveltc4.wpengine.com. Past Breakfasts The Politics of Reproductive Rights and

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Hedge funds have aggressively pursued U.S. public pension dollars, maintaining that they offer pension funds absolute return and volatility reduction in exchange for the high management and performance fees that they charge. And many public pension systems, with encouragement from their investment consultants, have made significant allocations to hedge funds, chasing the promise of superior

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Five years after the official end of the recession, economic activity in the U.S. remains below potential. One important reason is the slow growth in business investment, which remains weak, especially compared to previous recoveries. To an increasing number of observers, the weakness in investment appears related to the rise in what observers are calling

The goal of this paper is to address the most common objections to the idea that short-termism—the focus on short time horizons by both corporate managers and financial markets—is a serious problem for the U.S. economy. These objections fall into three broad categories: short-termism is not real (because of an apparent increase in business investment),

Finance and Wealth

The American economy has changed dramatically over the last 35 years, and finance and wealth have been at the epicenter of that transformation. Roosevelt’s work in this area explores how the explosive growth of the financial sector has increased inequality and hurt the overall economy, why wealth has become increasingly concentrated in the hands of

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The Roosevelt Institute joined Fellows Mike Konczal and J.W. Mason, with keynote speaker Senator Tammy Baldwin and moderator Jim Tankersley of The Washington Post, at the National Press Club as we release two papers on corporate short–termism. Opening remarks were given by Senator Baldwin, followed by a panel with Cornell University’s Lynn Stout and the AFL-CIO’s Heather

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Roosevelt Fellow Saqib Bhatti talked with Bloomberg after the city of Chicago announced that it would need to pay at least $270 million to get out swap deals the city had entered. Meanwhile the city is facing a significant tax increase to cover a budget shortfall. We’re paying these fees at the same time the

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