One policy that might be included in the budget reconciliation bill is a green bank -- an independent, nonprofit entity that would fund clean energy projects across the US. Reed Hundt has been advocating for green banks for years. He explains how they work & what they could accomplish.
I passed this along to a modern monetary theory friend of mine and he wrote a critique that he posted here and that I think has some good food for thought along the lines of " It looks like a trojan horse to disempower the government even further". That statement maybe goes a bit far, but the entire critique worth considering? https://itssimplerthanitlooks.blogspot.com/2021/08/the-green-bank.html.
Is there a way to give our own money to capitalize the green banks or provide capital for projects once a bank is capitalized?
I passed this along to a modern monetary theory friend of mine and he wrote a critique that he posted here and that I think has some good food for thought along the lines of " It looks like a trojan horse to disempower the government even further". That statement maybe goes a bit far, but the entire critique worth considering? https://itssimplerthanitlooks.blogspot.com/2021/08/the-green-bank.html.