US News & World Report: Can Public Banking Finance the New Economy?Quicklink submitted by Scott Baker Permalink
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|North Dakota shines like a bright star in the dark night of America's Great Recession. It stands out for two reasons: First, it led the United States in sustaining a strong economy and high employment through the last four years. Second, it is the only state in the union with a publicly-owned bank. Many believe the Bank of North Dakota played an important role in stabilizing the state's economy, and they would like to replicate public banks nation-wide. It will be a tough fight, and an important one.|
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