Demos is a non-partisan public policy research and advocacy organization founded in 2000. Headquartered in New York City, Demos works with advocates and policymakers around the country in pursuit of four overarching goals:
a more equitable economy with widely shared prosperity and opportunity;
a vibrant and inclusive democracy with high levels of voting and civic engagement;
an empowered public sector that works for the common good;
and responsible U.S. engagement in an interdependent world.
They are a bit socialist, but at least they have discovered distributional effects, which confuses simple minded economists:
The study found:
Across the country, states are considering proposals to move general revenue deposits out of the Wall Street banks that dominate the banking business today, and use them to capitalize a new local public structure with a mission to grow the local economy. A “Main Street Partnership Bank” would be modeled on the nearly 100-year-old public Bank of North Dakota (BND). This public policy innovation—also known as a Public Bank or State Bank—could contribute to the health of local community banks, state budgets and small business job growth in an era of rapid banking concentration, budget deficits and disinvestment on Main Street.
Of course the problem with centrally planned socialist banking, like Uncle Milt likes, is that money gets created and sent to the highest risk investments with the American middle class promising to cover any losses.
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