Banking Reform

A great video explaining two different views on the economy


There are several arguments out there suggesting that banking was and is a major cause of our economic situation.  Banks can be traced to a majority part of the reason our nation is in the situation we are currently stuck in.  Although they may be to blame the consumer will always remain the ultimate reason the economy rises and falls.  Consumer confidence plays a huge role in today's market, although there are many things that influence the consumer in the end the average person as a collective whole controls our market.


Some arguments out there say that the banking system should go to public banking instead of these large private institutions that play such a large role in the success of our economy.  Corporations do depend on large banks but that should not mean we must eliminate small public banks.  There are many of these banks that exist but not to an extent that they should.  For example, North Dakota, the most successful state in the country at the moment has a state bank implemented and is the nations only state-run bank.  From what I understand they are also one of the few states with an unemployment rate under 4% which is remarkable considering some cities are above 15% unemployment.  The oil rush in North Dakota could be a large part of this success but it only goes to show that where there is hope consumer confidence goes high and the community benefits.