North Dakota’s state-owned bank: would it work elsewhere?

Stuart Bramhall

Here in New Zealand we have had a government-owned bank – Kiwibank – since 2002. It has been a fantastic resource in helping this country weather the global recession. I also find it fascinating that in the US, it is mainly Ron Paul and various Tea Party members and supporters who been championing the call for the government to assume control of (or abolish) the Federal Reserve.

In doing so, they are taking on some very powerful enemies. Perhaps this is why Bill Clinton and other members of the corporate establishment are working so hard to discredit them.