Ellen Brown usually impresses. She didn't fail here.
I don't agree with charging interest for public infrastructure or for anything for that matter. I simply don't like lending at interest or borrowing as a government as a system for anything. That said, Ellen's interest-charging public banking system would be a vast improvement over our current system. I think she sees it as a pragmatic step where I prefer to dispense wit the incrementalism.
Ellen's article is, as always, well researched and documented and well written and structured. She's very bright (and a nice person by the way). There's no doubt about it.
So, read her article, "Monetary Policy Takes Center Stage: MMT, QE or Public Banks?," and consider all of it carefully. Don't just dismiss it because you don't understand some part of it.
As Ellen's article and many recent other articles are making clear, MMT is being clearly couched in the "resource constraints" context. That's taking the wind out of all the anti-MMT talking heads.
With the recent announcement by L. Randall Wray that MMT is about money financing (just printing the money rather than borrowing it), things are beginning to look quite rosy with potential.
Those who have always tried to keep money, banking, finance, and economics as some mystical thing have failed and will never get back what they've lost. That's really, really great news!
You used to hear how "economics is hard." Well, it isn't. It's rather basic top to bottom. It's the width that matters in economics, not the depth. Organizing well to accomplish our tasks is where the depth comes in and is needed. Getting the money is a walk in the park.
Boy, I will be glad when I don't have to try to teach anyone any of this any longer. It will mean we've arrived. It will mean democracy has finally come to America. Talk about making America great.