Current:Home > Contact-usHow fed up farmers started the only government-run bank in the US-LoTradeCoin

How fed up farmers started the only government-run bank in the US

​​​​​​​View Date:2024-12-23 20:15:04

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! (49)

Tags