What Can YOUR Bank Do?
It’s not often you hear a bank president say that his bank will instinctively “rush in” to help alleviate economic crises and cataclysms, but that’s what the publicly-owned bank of North Dakota does. Our featured guest, Bank of North Dakota president Eric Hardmeyer, describes his model public bank in both historical and functional terms for a rapidly expanding audience that sees this 100-year-old bank as the inspiring icon of the national public banking movement. And our guest, Professor and author of Banking on the State, Mark Cassell of Kent State University, further illustrates the proven benefits of public bank principles by describing how Germany’s national system of public banks have established one of the world’s most resilient and potent economies — and has been doing so for over 200 years.
What History Did to Economics
History happens. Economics is a fabrication. The intersection between them is the space in which public policy and prospects emerge. Our guest, author and historical scholar Matthew Ehret, has studied the deep historical dynamics that underpinned development of some of the primary economic views of our day such as Hayek’s Austrian austerity and Keynes’ systemic generosity. Ehret says that adherence to one over the other misses the benefits of each and ignores their historical context. Ellen’s conversation with Matt Ehret takes you on an economic history tour of the past 200 years.