Current:Home > InvestHow fed up farmers started the only government-run bank in the US -AssetBase
How fed up farmers started the only government-run bank in the US
View
Date:2025-04-16 23:53:57
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! (3)
Related
- Meet the volunteers risking their lives to deliver Christmas gifts to children in Haiti
- Italian gymnast Giorgia Villa goes viral during Olympics for brand deal with cheese
- Chicago woman of viral 'green dress girl' fame sparks discourse over proper club attire
- New Jersey school is removing Sen. Bob Menendez’s name from its building
- US appeals court rejects Nasdaq’s diversity rules for company boards
- Minnesota man gets 20 years for fatally stabbing teen, wounding others on Wisconsin river
- Images from NASA's DART spacecraft reveal insights into near-Earth asteroid
- Ice Spice is equal parts coy and confident as she kicks off her first headlining tour
- Selena Gomez engaged to Benny Blanco after 1 year together: 'Forever begins now'
- Rescuers search through mud and debris as deaths rise to 166 in landslides in southern India
Ranking
- Nevada attorney general revives 2020 fake electors case
- US road safety agency will look into fatal crash near Seattle involving Tesla using automated system
- 2024 Olympics: Brazilian Swimmer Ana Carolina Vieira Dismissed After Leaving Olympic Village
- Why does Vermont keep flooding? It’s complicated, but experts warn it could become the norm
- Scoot flight from Singapore to Wuhan turns back after 'technical issue' detected
- Braves launch Hank Aaron week as US Postal Service dedicates new Aaron forever stamp
- Weak infrastructure, distrust make communication during natural disasters hard on rural Texas
- What Kamala Harris has said (and done) about student loans during her career
Recommendation
Macy's says employee who allegedly hid $150 million in expenses had no major 'impact'
Christina Hall Reacts to Possibility of Replacing Ex Josh Hall With Ant Anstead on The Flip Off
Ben Affleck Purchases L.A. Home on the Same Day Jennifer Lopez Sells Her Condo
Toddler fatally mauled by 3 dogs at babysitter's home in Houston
Brianna LaPaglia Reveals The Meaning Behind Her "Chickenfry" Nickname
Treat Yourself to These Luxury Beauty Products That Are Totally Worth the Splurge
Lawyers for Saudi Arabia seek dismissal of claims it supported the Sept. 11 hijackers
Fed leaves key interest rate unchanged, signals possible rate cut in September