In this episode, Professor Richard Wolff and Brian Becker discuss sudden US bank account closures, revealing the profit-driven complexities within the banking system. They explore risk strategies tied to rising interest rates and tighter regulations, highlighting potential economic instability. Comparing the US profit-centric banking with the community-focused approach seen in public banking models in certain European countries and North Dakota, the episode proposes public banking as an alternative solution to prioritize community welfare over profit.
