Current:Home > InvestHow fed up farmers started the only government-run bank in the US -SummitInvest
How fed up farmers started the only government-run bank in the US
View
Date:2025-04-13 04:33:27
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! (13)
Related
- Skins Game to make return to Thanksgiving week with a modern look
- New Federal Grants Could Slash U.S. Climate Emissions by Nearly 1 Billion Metric Tons Through 2050
- Score 75% Off Urban Outfitters, 50% Off Ulta, 65% Off Sur La Table & Today's Best Deals
- Harris says in first remarks since Biden dropped out of race she's deeply grateful to him for his service to the nation
- B.A. Parker is learning the banjo
- Widespread Panic reveals guitarist Jimmy Herring diagnosed with tonsil cancer
- Holding out for a hero? Here are the 50 best, from Deadpool to Han Solo
- Shop GAP Factory's Epic Sale & Score an Extra 60% off Clearance: $6 Tanks, $9 Pants, $11 Dresses & More
- Federal appeals court upholds $14.25 million fine against Exxon for pollution in Texas
- Police bodyguard accused of fraud and false statements about alleged affair with mayor
Ranking
- Meet first time Grammy nominee Charley Crockett
- Dan Aykroyd revisits the Blues Brothers’ remarkable legacy in new Audible Original
- Woman gets probation for calling in hoax bomb threat at Boston Children’s Hospital
- Miss Kansas Alexis Smith Calls Out Her Alleged Abuser Onstage in Viral Video
- Pressure on a veteran and senator shows what’s next for those who oppose Trump
- Sam Smith couldn't walk for a month after a skiing accident: 'I was an idiot'
- ACC commissioner Jim Phillips vows to protect league amid Clemson, Florida State lawsuits
- Will Sha'carri Richardson run in the Olympics? What to know about star at Paris Games
Recommendation
Spooky or not? Some Choa Chu Kang residents say community garden resembles cemetery
Jordan Love won't practice at Packers training camp until contract extension is reached
Ivan Cornejo weathers heartbreak on new album 'Mirada': 'Everything is going to be fine'
For Appalachian Artists, the Landscape Is Much More Than the Sum of Its Natural Resources
Small twin
July is Disability Pride Month. Here's what you should know.
Biggest questions for all 32 NFL teams: Contract situations, QB conundrums and more
July is Disability Pride Month. Here's what you should know.