This chart allows Alaskans to look at our economic calamity in the context of international economics. Notice how massive increases in the monetary base are failing to increase bank lending.

The historical fact is that the 2008 derivatives devaluation traumatized investors and left the balance sheets of corporations saddled with debt that is slowly being paid down—while new productive investments remain flat.

The solution is leadership that identifies the root of the problem and asserts the policies that restart productive investment.

The proposal to create the Alaska State Bank includes the policies necessary for long-term economic development and addresses the structural problem of bank lending. Budget cuts, Permanent Fund Dividend cuts and increasing personal taxes are not long-term solutions.

Let us work together to gain the attention of our governor and legislature on this most important issue. Click “like” to show your support for the Alaska State Bank.