People want a state bank in WA

[iSamurai]

This is why I hate living in this state/town.

Found this on my city's blog network where 70% of the posts are why we need single-payer healthcare immediately. Now they think a state bank is a good idea because of those evil "for-profit" banks. Because everyone knows, profit is EVIL.

The intro :

I like the concept of a state bank, for many of the reasons given by David Korten in Agenda for a New Economy. A state run and owned (publicly owned) bank would eliminate a lot of the harmful aspects that are associated with the private for-profit banking industry.

And a link to the article : http://wafreepress.org/article/100209economy-boyd.shtml

Help me formulate an argument against him

 

[LittleLightShining]

It's actually not a bad idea from where I'm sitting. Have you looked at all at the Bank of North Dakota? Google Ellen Brown.

 

[Badger Paul]

Better a state bank like North Dakota than that Federal monstrosity that steals from you.

Decentralization, that's what it is about.

 

[tmosley]

Communism is better than fascism. With communism, you can't blame the markets for the problems!