North Dakota is the very definition of a red state. It voted 58 percent to 39 percent for Romney over Obama, and its statehouse and senate have a total of 104 Republicans and only 47 Democrats. The Republican super-majority is so conservative it recently passed the nation's most severe anti-abortion resolution – a measure that declares a fertilized human egg has the same right to life as a fully formed person
But North Dakota is also red in another sense: it fully supports its state-owned Bank of North Dakota (BND), a socialist relic that exists nowhere else in America. Why is financial socialism still alive in North Dakota? Why haven't the North Dakotan free-market crusaders slain it dead?
Because it works.AlterNet
Why Is Socialism Doing So Darn Well in Deep-Red North Dakota?
Les Leopold
Good article in general, but with a few lapses, like "Banks are supposed to serve as intermediaries that turn our savings and checking deposits into productive loans to businesses and consumers." It also promotes the Public Bank Institute at the end, and the folks at PBI don't still don't get monetary economics even though it has been explained to them in detail.
