Democratizing University Finance

Published: Oct. 2, 2022, 6 p.m.

Benjamin Wilson and Scott Ferguson join guest-host Jakob Feinig to discuss their forthcoming article about Money on the Left\u2019s \u201cuni\u201d project to democratize university finance. Titled \u201cStop Trying to Find the Money\u2013Create It!,\u201d the article argues that the Public Banking Act can empower universities to issue new forms of public money that serve democratic communities and repudiate austerity. The text will appear mid-October 2022 in the American Association of University Professors\u2019 publication Academe Magazine as part of a special issue edited by Scholars for a New Deal for Higher Education. In this conversation, Ben and Scott recount the evolution of the uni project from its original politicization of emergency Federal Reserve facilities early in the Covid-19 pandemic to its most recent iteration joining bottom up learning-by-doing with top-down federal legislation. Along the way, the conversation turns toward the project\u2019s commitments to democratic pedagogy through participation, the need to recognize universities as powerful economic provisioners and anchors, and the uni\u2019s role in challenging the current dollar system from within. \xa0

*Special thanks to Scholars for a New Deal for Higher Education for inviting Money on the Left to collaborate and for inviting us to contribute to their issue for Academe Magazine.\xa0

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Music by Nahneen Kula: www.nahneenkula.com