An FJG requires public banking
Hamilton et al. ‘20 [Darrick Hamilton, Sarah Treuhaft, Isaiah Poole, Luis Garcia de la Cadena, Derrick is the Director, Kirwan Institute for the Study of Race and Ethnicity, Sarah is the Managing director, PolicyLink, Isaiah is the Editorial Manager, The Next System Project, Luis is the Senior Communications Associate; 1-30-2020, ""Job Guarantee Now!" with Sarah Treuhaft and Darrick Hamilton", https://thenextsystem.org/learn/stories/job-guarantee-now-sarah-treuhaft-and-darrick-hamilton, TheNextSystem.org, accessed 7-5-2023 \\pa-zyg]]
What will that entail? Federal job guarantee. What will that entail? A right to health insurance. What will that entail? A right to the finance. We need to think about public banking, where people who are low-income are not at the whim of a finance system but have access to an adequate account, have access to some liquidity so that when there’s a short-term fall in their ability to pay their bills, they can get credit at reasonable terms. Have access to credit more generally so that they can purchase an asset that will appreciate over their lives. This is the society that I think would be a more perfect evolution in American history. And then I’ll say this and then I’ll stop for a while, I know I’m rambling on: We need to be race-conscious when we do this. We need to ensure that in this iteration of an economic Bill of Rights, in this iteration that’s reacting to corporate power that has gone out of control, similar to how the Gilded Age, we had a consolidation of corporate power that nearly collapsed the American economy, and in response we had the New Deal, we need to make sure in this iteration of a New Deal, in this iteration of an economic bill of rights, that we are intentionally racially inclusive.