Look at the Bank of North Dakota - It Soars Despite Oil Bust
OpEd News
Despite North Dakota's collapsing oil market, its state-owned bank continues to report record profits. Farmers were losing their farms to Wall Street bankers. They organized, won an election and passed legislation to create a public bank. The Nonpartisan League's rise to power was fast and had a lasting impact on North Dakota. This article looks at what California, with fifty times North Dakota's population, could do following that state's lead.
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