Photo by Elena Koycheva.
The latest It’s Our Money podcast takes a look back at the significance of this year. Co-host Walt McRee introduces the episode:
History Was Made This Year
2019 was the Centennial celebration of America’s only publicly-owned State Bank, the Bank of North Dakota — a living legacy that has helped sustain that state through thick and thin. It’s also the year that new public banks gained important ground from state governments and governors in two key states, New Jersey and California. And it’s the year that one of the Fed’s best-known leaders passed away, Paul Volcker, whose administration is credited with helping solve an inflation crisis in the 1970’s, a factoid that Ellen questions in her latest article. We celebrate the North Dakota history with a leisurely conversation with its Centennial historian, Mike Jacobs, whose deep knowledge of the Bank’s history provides instructive context for new public bank initiatives.