Jimmy Tobias of The Nation offers a comprehensive look at city-based public banking efforts in Oakland, California and Santa Fe, New Mexico. He also provides background on the only public bank in the US—the Bank of North Dakota—and offers solid economic reasons why cities and states should consider establishing a public bank.
From Seattle to Santa Fe, cities are at the center of the public banking movement.
Read What if People Owned the Banks and Not Wall Street? in The Nation.
Cross-posted from the Public Banking Institute Blog.
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