Current:Home > FinanceHow fed up farmers started the only government-run bank in the US -AssetLink
How fed up farmers started the only government-run bank in the US
Rekubit View
Date:2025-04-07 08:14:51
The idea of a state-run bank in the United States feels like a foreign concept. While public banks are fixtures of the financial system in countries like Canada and Chile, only one state in the U.S. can say they have a public bank. Today, we explore the promises and challenges of public banking in the U.S. and what advocates can learn from 20th century farmers in North Dakota.
For sponsor-free episodes of The Indicator from Planet Money, subscribe to Planet Money+ via Apple Podcasts or at plus.npr.org.
Music by Drop Electric. Find us: TikTok, Instagram, Facebook, Newsletter.
veryGood! (53)
Related
- The White House is cracking down on overdraft fees
- Electricity rates in Texas skyrocket amid statewide heat wave
- Georgia kids would need parental permission to join social media if Senate Republicans get their way
- The Trading Titan: Mark Williams' Guide to Successful Swing Operations
- San Francisco names street for Associated Press photographer who captured the iconic Iwo Jima photo
- Georgia tops USA TODAY Sports AFCA coaches poll: Why history says it likely won't finish there
- Busta Rhymes says asthma scare after 'intimate' act with an ex pushed him to lose 100 pounds
- Rwanda genocide survivors criticize UN court’s call to permanently halt elderly suspect’s trial
- Tarte Shape Tape Concealer Sells Once Every 4 Seconds: Get 50% Off Before It's Gone
- Arkansas governor names Hudson as Finance and Administration secretary
Ranking
- Nearly half of US teens are online ‘constantly,’ Pew report finds
- Being in-between jobs is normal. Here's how to talk about it
- Riverdale’s Madelaine Petsch Celebrates Anniversary With Boyfriend Anthony Li
- Top 25 rankings: A closer look at every team in college football's preseason coaches poll
- What to know about Tuesday’s US House primaries to replace Matt Gaetz and Mike Waltz
- U.S. Navy sends 4 destroyers to Alaska coast after 11 Chinese, Russian warships spotted in nearby waters
- Man fatally shoots 8-year-old Chicago girl, gunman shot in struggle over weapon, police say
- Biden heads west for a policy victory lap, drawing an implicit contrast with Trump
Recommendation
At site of suspected mass killings, Syrians recall horrors, hope for answers
Dog seen walking I-95 in Philadelphia home again after second escape
Boater missing for day and a half rescued off Florida coast in half-submerged boat
Chris Buescher outduels Martin Truex Jr. at Michigan for second straight NASCAR Cup win
Arkansas State Police probe death of woman found after officer
Arrest warrants issued after boaters attack dock employee at Montgomery riverbank
Back-to-school shopping could cost families a record amount this year. Here's how to save.
Pregnant woman’s arrest in carjacking case spurs call to end Detroit police facial recognition