Category Archives: Uncategorized

Who would benefit from a publicly-owned bank?

We the People and our common wealth, including the governmental entities to which we belong and the public lands that we share, and the environment in which we live, according to the priorities that we assign, would all benefit by … Continue reading

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Don’t we already have a national public bank in the Federal Reserve, with a network of regional Fed banks around the country?

 How would a publicly-owned central bank differ from this? How would a publicly-owned state bank differ? Ownership and control of the Federal Reserve System is a mixture of private ownership with some federal oversight. The Federal Reserve Act is designed … Continue reading

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Would publicly-owned banks provide unfair competition to local privately-owned banks?

No. Witness North Dakota, which currently has the only state-owned bank in the U.S. It also has more local banks per capita than any other state. The Bank of North Dakota (BND) helps local banks with capital requirements, partners with … Continue reading

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