Current:Home > MarketsHow fed up farmers started the only government-run bank in the US -WealthX
How fed up farmers started the only government-run bank in the US
View
Date:2025-04-11 19:45:34
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! (9997)
Related
- Meet the volunteers risking their lives to deliver Christmas gifts to children in Haiti
- Love, identity and ambition take center stage in 'Roaming'
- Authorities identify 2 California pilots who died in air racing event in Reno, Nevada
- Gator with missing upper jaw finds new home in Florida reptile park
- Rams vs. 49ers highlights: LA wins rainy defensive struggle in key divisional game
- UK Labour leader Keir Starmer says he’ll seek closer ties with the EU if he wins the next election
- Oregon judge to decide in new trial whether voter-approved gun control law is constitutional
- Marilyn Manson pleads no contest to blowing nose on videographer, gets fine, community service
- Selena Gomez engaged to Benny Blanco after 1 year together: 'Forever begins now'
- 5 people shot, including 2 juveniles, in Boston's Dorchester neighborhood
Ranking
- US wholesale inflation accelerated in November in sign that some price pressures remain elevated
- The Red Cross: Badly needed food, medicine shipped to Azerbaijan’s breakaway Nagorno-Karabakh region
- 'It's too dangerous!' Massive mako shark stranded on Florida beach saved by swimmers
- Is Below Deck Down Under's Luka Breaking Up a Boatmance? See Him Flirt With a Co-Worker's Girl
- Elon Musk's skyrocketing net worth: He's the first person with over $400 billion
- Hunter Biden sues the IRS over tax disclosures after agent testimony
- Ariana Grande and Dalton Gomez Officially File for Divorce After 2 Years of Marriage
- Hundreds of flying taxis to be made in Ohio, home of the Wright brothers and astronaut legends
Recommendation
Justice Department, Louisville reach deal after probe prompted by Breonna Taylor killing
Fantasy football sizzlers, fizzlers: Return of Raheem Must-start
Farmers across Bulgaria protest against Ukrainian grain as EU divide grows
Hearings in $1 billion lawsuit filed by auto tycoon Carlos Ghosn against Nissan starts in Beirut
Nearly 400 USAID contract employees laid off in wake of Trump's 'stop work' order
Former NFL player Sergio Brown missing; mother’s body was found near suburban Chicago creek
1 dead in Maine after Lee brought strong winds, heavy rain to parts of New England
Farmers across Bulgaria protest against Ukrainian grain as EU divide grows