Lawmakers from around the country are floating the idea of starting a government-owned bank for their state. Apparently, as many as 17 state legislatures are looking into creating state-owned banks along the lines of the Bank of North Dakota.
The idea of creating more state-owned banks is terrible; no lawmaker should waste any time on this. If lawmakers want to do something meaningful to give their state an economic boost, they should be looking at ways to help existing banks be more effective. It is amazing to me that at a time when so . . .
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