
IPFS News Link • Economy - Economics USA
John Repp on the Promise of Public Banking in Seattle
• arcleinWashington state residents began advocating for a state-sponsored public bank like the only state-owned bank in the United States, the Bank of North Dakota. When their movement failed to gain traction in the state legislature, they shifted their focus to Seattle. Today, the Seattle Public Bank Coalition educates local policymakers and the public about the capacity of public banks to provide robust banking services while returning profits to the community.