Public Banking

A man during the October, 2011 Occupy Wall Street protest, promoting awareness of the Bank of North Dakota, a state-owned bank.  Photo credit:  David Shankbone | CC3.0, Wikipedia.


public banking

These resources explore moral and ethical problems found primarily in the American financial system. They highlight God’s creation order and its meaning as God’s vision for relationships between human beings, and also between human beings and the created world.

Books and Articles on Public Banking

California Infrastructure and Economic Development Bank (website)

Public Banking Institute (website)

Wikipedia, Bank of North Dakota (Wikipedia article)

Fred Moseley, Banks:  Time for Permanent Nationalization (Alternet, Mar 3, 2009) if banks are "too big to fail," they should be public

Josh Harkinson, How the Nation’s Only State-Owned Bank Became the Envy of Wall Street (Mother Jones, Mar 27, 2009)

Associated Press, Bank Of North Dakota: America's Only 'Socialist' Bank Is Thriving During Downturn (Huffington Post video, May 25, 2011)

Les Leopold, Why Is Socialism Doing So Darn Well in Deep-Red North Dakota? (AlterNet, Mar 29, 2013)

Penelope Lemov, The Case for a State-Owned Bank (Governing, Apr 12, 2012)

Opinions, Should States Operate Public Banks? (NY Times, Oct 1, 2013)

Eric Hardmeyer, Why Public Banking Works in North Dakota (NY Times, Oct 1, 2013) Hardmeyer is President and CEO of the Bank of ND

Ellen Brown, Public Banks Are Essential to Capitalism (NY Times, Oct 2, 2013)

Demos, How State Banks Can Reduce Student Debt (Demos, Apr 24, 2014)

Finance, Hawaii Seeking to Create the Nation's Second State-Owned Bank (Governing, Feb 3, 2015)

Eric Levitz, Democrats Have a Plan to Save the Post Office – and Kill Payday Lenders (New York Magazine, Apr 25, 2018); Daniel Marans, Kirsten Gillibrand Unveils A Public Option For Banking (Huffington Post, Apr 25, 2018)

David Dayen, Bill Aimed at Community Banks is Already Killing Them (The Intercept, May 16, 2018) discusses the Bank of North Dakota

Jill Cowan, Could Public Banks Help Cities Keep Their Money Away From Wall Street? (NY Times, Jun 11, 2019)

Will Peischel, How a Brief Socialist Takeover in North Dakota Gave Residents a Public Bank (Vox, Oct 1, 2019) “North Dakota’s government-owned bank has been a celebrated institution for a century. Now California might get one, too.” “There have been efforts to establish public banks in nearly two dozen other states. This year alone, four state legislatures beside California — New York, New Mexico, New Hampshire, and Massachusetts — have introduced bills to create or explore creating public banks. None, however, have passed.”

Christian restorative justice, Banking, and Finance: topics

Christian restorative justice critique of the right: domestic policy topics

Christian restorative justice critique of the right: philosophical influences