Santa Fe. Photo by Maddy Baker.
Journalist Peter Goodman writes an opinion piece and podcast for KRWG recommending that New Mexico should consider creating a state bank.
“Thursday, California approved the nation’s second state bank. A century after the first (modern) state bank. Rhode Island, Washington, and Oregon are looking at the idea. New Mexico certainly should. New Mexico and New Mexican businesses borrow money and pay plenty of interest to lenders. … Why shouldn’t that [money] stay in New Mexico, to be used in ways that help New Mexicans, rather than fund yachts and Aspen ski houses [for] bank owners and executives?”