This podcast episode explores the concept of public banking, with a focus on the Bank of North Dakota. The Bank of North Dakota is the only public bank in the United States and was founded in 1919 as a response to farmers' dissatisfaction with the financial system. The bank's business model, which is owned and supervised by the state government, has been successful and serves as a model for public banking advocates. Public banking advocates believe that public banks can provide financial services that benefit the public and support economic development.
