The Opinion Pages • www.nytimes.com • October 2, 2013
- Ellen Brown, author of “The Public Bank Solution”: “Public Banks Are Key to Capitalism“
- Mark A. Calabria, Cato Institute: “State Banks Hurt Growth“
- Eric Hardmeyer, Bank of North Dakota, “Why It Works in North Dakota“
- Pierre Beynet, Organization for Economic Cooporation & Development: “Lessons From Slovenia’s Public Banking Crisis“
- Celeste Watkins-Hayes, sociologist, Northwestern University: “Government Already Has Tools Available“
- Michael Likovsky, author of “Obama’s Bank”: “A National Bank With One Goal: Infrastructure“
- Hester Peirce, Mercatus Center, George Mason University: “Don’t Distort the Market Further“
- Heather Morton, National Conference of State Legislatures: “Many States See Potential in the Idea“
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?
Read the discussion here.
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