Nooks & Crannies

Pushkin. Money ultimately decides what gets built, what survives. Money decides what future becomes possible. So change where money goes and who controls it, then you change what becomes possible. possible.

That's Trinity Tran, Ted Fellow and co-founder of the California Public Banking Alliance and Public Bank LA. A public bank is owned by the people through their local government, and Trinity's spent nearly a decade pushing to make that a reality, from getting LA to pull its money out of a large-scale private bank to helping pass the first in-the-nation law letting California cities and counties start their own public banks. The reason? Los Angeles just dealt with a devastating wildfire.

So if we had a public bank, it would have been able to step in to offer immediate low-cost loans without having to wait for federal aid. Hear more from Trinity Tran on the case for public banking only on TED Talks Daily. Hello, let's take a little bite here. One morning, not long ago, my colleague Ben Nadf Hafrey and I huddled in a small backroom at Pushkin Industries to solve a mystery. It like hits the back of your palate.

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