How the Fed Can Help Save Public Education
As COVID-19 puts more and more pressure on an already overburdened U.S. public education system, PERI's Gerald Epstein offers a solution by proposing that the Federal Reserve create an emergency fund to keep public education institutions solvent during the crisis. Read the full proposal below, followed by commentary that addresses the proposal and ellaborates on how the Fed can step in to save our schools.
POLICY BRIEF
The Federal Reserve Public Education Emergency Finance Facility (PEEFF):
A Proposal
In this Policy Brief, Gerald Epstein proposes the creation of a Federal Reserve Facility that would enable state governments to borrow through newly created human capital bonds, and thereby avoid their existing balanced-budget mandates. This Fed funding would constitute a relatively modest intervention compared with the $6 trillion it has already committed to bailing out Wall Street.
COMMENTARY
If the Fed Can Bail Out Wall Street, It Can Rescue Public Education
Interview with C.J. Polychroniou published in Truthout and Rozenberg Quarterly
Make the Fed Publicly Owned and the Foundation of a Public Banking System
Interview with theAnalysis.news
Human Capital Bonds and Federal Reserve Support for Public Education
Article in Just Money
