readuncut18h ago

The Bank of North Dakota grew business lending 35% between 2007-2009, expanding credit in the exact months every private lender sprinted for the exits. Walking into the storm with an umbrella stuffed full of money while the professionals huddled under awnings.

https://readuncut.com/americas-reddest-state-runs-a-socialist-bank/

#FinancialCrisis #CommunityLending #CounterCyclical #BankingReform #LocalBanking #CreditAccess

America's reddest state runs a socialist bank

North Dakota votes Republican by margins that make the word landslide sound timid, treats "government overreach" roughly the way other states treat arson, and has owned and operated its own bank since 1919, 3 facts that are supposed to cancel each other out and stubbornly refuse to, because the Bank

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Show threadacemaxxNov 23, 2024
The export dependence of #German economy means that the country is more vulnerable to global shocks than the US, which would require a (more) #countercyclical fiscal policy to stabilize the economy. Yet #German politicians are sticking to the sterile #debtbrake.
Show threadbs2Feb 13, 2024
> What others discard, he champions. But the last person to be a Confucianist is Ku Hung-ming. He is more native to Chuang-tze and Taoism than to Confucianism.
> A rebel who preaches monarchism; a romantic who accepts Confucianism as his philosophy of life; an autocrat who is proud to wear the sign of slavery – the queue: it is this contradiction in Ku Hung-ming that makes him one of the most interesting figures in modern China.
#CounterCyclical #KeynesStylePhilosophy #ChuangTze #ChuangTsu #荘子