Wow. This is absolutely fascinating. Highly recommended reading. The linked original #RooseveltInstitute proposal is quite accessible, too.

FWIW, here in #Japan we have a superb postal banking system. The US would benefit greatly from this proposal imho.

The Case for a Banking Public Option - The American Prospect

b @ryanlcooper

#SVP #accountability #banking #FedAccount #PostalBanking

https://prospect.org/economy/2023-03-15-federal-reserve-banking-public-option/