Thats right we need some more State Socialism. Let the crooked blood sucking politicians loan you the money and reap the benefits. They swear to only use their guns for good and those delightful cages are only there for the malcontents. Whose more trustworthy then a politician?

 NO NO NO, I feel like I'm writing to third graders except for those who read Freedom Phoenix. You have experieced what a central bank has done to this country at the federal level and somebody now wants to let that happen at the state level. No one hardly lives in north Dakota and they're siting on a bunch of oil. Not a good analogy. Go on the bi-metalic monetary system and you will restore the American Dream.  Fix the corrupt judicial system and you will restore the American Dream. Eliminate 3/4 of government and abolish the Income Tax and you will restore the American Dream.  Repeal the War on Drugs and you will restore the American Dream. Abolish public education and you children will be taught the truth  and that will help to restore the American Dream.  Have you learned nothing from history?   

I agree with the author.  A state owned bank similar to North Dakota's could help break the monopoly of the Federal Reserve.  In addition, having a state system in place will prevent a lot of chaos if the Federal Reserve collapses or the dollar becomes hyper-inflated.  Because the bank can issue its own credit, and states are constitutionally allowed to coin their own gold and silver currency, it would be a fairly simple change to switch from FRNs to gold and silver in a crash.