4 ms·
I'd like to see more public banks. Municipalities, and even states, are holding balances in commercial banks but there's nothing stopping them holding this in t
by advisedwang 8mo ago
I'd like to see more public banks. Municipalities, and even states, are holding balances in commercial banks but there's nothing stopping them holding this in their own bank to direct capital for public benefit. California has a law allowing it, although despite a campaign in LA I don't know if it's been used. North Dakota has a state-wide public bank. It works!
- pas 8mo agohow would it be less conservative with capital allocation?