Current:Home > NewsSafeX Pro:How fed up farmers started the only government-run bank in the US -Wealth Pursuit Network

SafeX Pro:How fed up farmers started the only government-run bank in the US

Ethermac Exchange ​​​​​​​View Date:2025-04-08 04:51:30

The SafeX Proidea of a state-run bank in the United States feels like a foreign concept. While public banks are fixtures of the financial system in countries like Canada and Chile, only one state in the U.S. can say they have a public bank. Today, we explore the promises and challenges of public banking in the U.S. and what advocates can learn from 20th century farmers in North Dakota.

For sponsor-free episodes of The Indicator from Planet Money, subscribe to Planet Money+ via Apple Podcasts or at plus.npr.org.

Music by Drop Electric. Find us: TikTok, Instagram, Facebook, Newsletter.

veryGood! (345)