{"id":1524,"date":"2013-11-16T20:46:50","date_gmt":"2013-11-16T20:46:50","guid":{"rendered":"http:\/\/fenello.com\/blog\/?p=1524"},"modified":"2013-11-16T20:46:50","modified_gmt":"2013-11-16T20:46:50","slug":"public-banks-are-key-to-capitalism","status":"publish","type":"post","link":"http:\/\/fenello.com\/oldnews\/tranzitioning\/?p=1524","title":{"rendered":"Public Banks Are Key to Capitalism"},"content":{"rendered":"<div class=\"mceItemEmbedly\" style=\"max-width:600px;\" data-ajax=\"{'url':'http:\/\/www.nytimes.com\/roomfordebate\/2013\/10\/01\/should-states-operate-public-banks\/public-banks-are-essential-to-capitalism','width':null,'words':null,'height':null,'embed':'&lt;div class=\\&quot;embedly\\&quot; style=\\&quot;\\&quot;&gt;&lt;img src=\\&quot;http:\/\/graphics8.nytimes.com\/images\/2013\/10\/01\/opinion\/rfd-statebanks\/rfd-statebanks-sfSpan.jpg\\&quot; class=\\&quot;thumb embedly-thumbnail-small\\&quot; \/&gt;&lt;a class=\\'embedly-title\\' target=\\'_blank\\' href=\\'http:\/\/www.nytimes.com\/roomfordebate\/2013\/10\/01\/should-states-operate-public-banks\/public-banks-are-essential-to-capitalism\\'&gt;Public Banks Are Essential to Capitalism - Room for Debate&lt;\/a&gt;To ask whether public banks would interfere with free markets assumes that we have free markets, which we don\\'t. Banking is heavily subsidized and is monopolized by Wall Street, which has effectively \\&quot;bought\\&quot; Congress. Banks have been bailed out by the government, when in a free market they would have gone bankrupt.&lt;div class=\\&quot;embedly-clear\\&quot;&gt;&lt;\/div&gt;&lt;span class=\\&quot;embedly-powered\\&quot; style=\\&quot;float:right;display:block\\&quot;&gt;&lt;a target=\\&quot;_blank\\&quot; href=\\&quot;http:\/\/embed.ly\/code?url=http%3A%2F%2Fwww.nytimes.com%2Froomfordebate%2F2013%2F10%2F01%2Fshould-states-operate-public-banks%2Fpublic-banks-are-essential-to-capitalism\\&quot; title=\\&quot;Powered by Embedly\\&quot;&gt;&lt;img src=\\&quot;http:\/\/static.embed.ly\/images\/logos\/embedly-powered-small-light.png\\&quot; alt=\\&quot;Embedly Powered\\&quot; \/&gt;&lt;\/a&gt;&lt;\/span&gt;&lt;div class=\\&quot;media-attribution\\&quot;&gt;&lt;span&gt;via &lt;\/span&gt;&lt;a href=\\&quot;http:\/\/www.nytimes.com\\&quot; class=\\&quot;media-attribution-link\\&quot; target=\\&quot;_blank\\&quot;&gt;Nytimes&lt;\/a&gt;&lt;\/span&gt;&lt;\/div&gt;&lt;div class=\\&quot;embedly-clear\\&quot;&gt;&lt;\/div&gt;&lt;\/div&gt;'}\">\n<div class=\"embedly\" style=\"\"><img decoding=\"async\" src=\"http:\/\/graphics8.nytimes.com\/images\/2013\/10\/01\/opinion\/rfd-statebanks\/rfd-statebanks-sfSpan.jpg\" class=\"thumb embedly-thumbnail-small\" \/><a class='embedly-title' target='_blank' href='http:\/\/www.nytimes.com\/roomfordebate\/2013\/10\/01\/should-states-operate-public-banks\/public-banks-are-essential-to-capitalism'>Public Banks Are Essential to Capitalism &#8211; Room for Debate<\/a>To ask whether public banks would interfere with free markets assumes that we have free markets, which we don&#8217;t. Banking is heavily subsidized and is monopolized by Wall Street, which has effectively &#8220;bought&#8221; Congress. Banks have been bailed out by the government, when in a free market they would have gone bankrupt.<\/p>\n<div class=\"embedly-clear\"><\/div>\n<p><span class=\"embedly-powered\" style=\"float:right;display:block\"><a target=\"_blank\" href=\"http:\/\/embed.ly\/code?url=http%3A%2F%2Fwww.nytimes.com%2Froomfordebate%2F2013%2F10%2F01%2Fshould-states-operate-public-banks%2Fpublic-banks-are-essential-to-capitalism\" title=\"Powered by Embedly\"><img decoding=\"async\" src=\"http:\/\/static.embed.ly\/images\/logos\/embedly-powered-small-light.png\" alt=\"Embedly Powered\" \/><\/a><\/span><\/p>\n<div class=\"media-attribution\"><span>via <\/span><a href=\"http:\/\/www.nytimes.com\" class=\"media-attribution-link\" target=\"_blank\">Nytimes<\/a><\/span><\/div>\n<div class=\"embedly-clear\"><\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Public Banks Are Essential to Capitalism &#8211; Room for DebateTo ask whether public banks would interfere with free markets assumes that we have free markets, which we don&#8217;t. Banking is heavily subsidized and is monopolized by Wall Street, which has &hellip; <a href=\"http:\/\/fenello.com\/oldnews\/tranzitioning\/?p=1524\">Continue reading <span class=\"meta-nav\">&rarr;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-1524","post","type-post","status-publish","format-standard","hentry","category-tranzitioning"],"_links":{"self":[{"href":"http:\/\/fenello.com\/oldnews\/wp-json\/wp\/v2\/posts\/1524","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/fenello.com\/oldnews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/fenello.com\/oldnews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/fenello.com\/oldnews\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"http:\/\/fenello.com\/oldnews\/wp-json\/wp\/v2\/comments?post=1524"}],"version-history":[{"count":0,"href":"http:\/\/fenello.com\/oldnews\/wp-json\/wp\/v2\/posts\/1524\/revisions"}],"wp:attachment":[{"href":"http:\/\/fenello.com\/oldnews\/wp-json\/wp\/v2\/media?parent=1524"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/fenello.com\/oldnews\/wp-json\/wp\/v2\/categories?post=1524"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/fenello.com\/oldnews\/wp-json\/wp\/v2\/tags?post=1524"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}