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OpEdNews Op Eds    H3'ed 3/17/14

Why commercial banks should support a publicly-owned SuperBank in Florida.

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Message Farid Khavari

7.   Secure the growth of state pension funds by paying relatively high interest, which in turn stimulates the economy.

8.   Improve the balance sheets of small businesses by enabling them to buy their premises.

9.   Create more employment and reduce the economic drain of student loans by making college free in Florida.

10.   Stabilize housing prices at fair levels through 2%/15-year mortgages (new and refinance) while creating massive employment in construction and related fields.  

Unless a consortium of commercial banks volunteers, and I would be happy to help that happen, these programs can best be implemented by a publicly-owned bank.   And that publicly-owned bank is no more "socialist" than public parks, public schools, public water, or public roads.  

A publicly-owned SuperBank, owned by and serving the people of Florida, is not a threat to commercial banks, it is a blessing.

 

Farid A. Khavari, Ph.D., is an economist and independent candidate for Florida governor 2014. His website: www.khavariforgovernor.com

   

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Farid A. Khavari, Ph.D., is a noted economist and independent candidate for Florida governor in 2014. He is the author of 10 books including Environomics: the Economics of Environmentally Safe Prosperity (1993) and Toward a Zero Cost Economy (more...)
 

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