Bank of North Dakota (by PrairiePublicBcast)

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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.

Can Public Banking Finance the New Economy?

The Bank of North Dakota offers a model for public banking that could stabilize the economy.

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