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Instead of placing revenues (taxes and fees) on deposit in Wall Street banks (and then borrowing money back at interest), State and County/City Treasurers should simply create their own banks and place the money there. The low cost credit can be used to fund infrastructure projects, which is EXACTLY what the Bank of North Dakota does.

Submitted by Commonomics in Economy & Jobs Dec. 11, 2014, 7:10 a.m.
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#1202
124 votes
Citation: http://www.publicbankinginstitute.org/

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