A new institute, The Public Banking Institute, has given us not only another piece of the puzzle of a sustainable economy, but also a way to consider the role of banking and of money in a civic economics of provision.
In Civilizing the Economy, I argue that money should not be treated only as a commodity, but also as a provision. It enables exchanges and it provides credit for an economy that provides for all. Furthermore, the role of banks, in an economics of provision, is to provide credit in the various systems of provision in which we gain access to what we need. The Public Bank could be an important part in the transition from an economics of property to a civic economy of provision. Please check it out.