Only one U.S. state, North Dakota, owns a bank. But that bank has been so successful – and the financial systems elsewhere have been so problematic – that 22 other legislatures have considered starting similar state banks.
Would government-owned banks distort the free market, or complement private lending? If states or the federal government set up banks, should they lend directly to consumers and businesses?
Ellen Brown, Public Banking Institute
Mark Calabria, Cato Institute
Eric Hardmeyer, Bank of North Dakota
Pierre Beynet, Organization for Economic Coordination and Development
Celeste Watkins-Hayes, Sociologist, Northwestern University
Michael Likovsky, Author, Obama’s Bank
Hester Peirce, Mercatus Center, George Mason University
Heather Morton, National Council of State Legislatures