Municipal banking may well offer the opportunity to do something that's far more responsive to local priorities. In this season of campaign rhetoric about the state of our country, you occasionally come across an idea or proposal that goes beyond the standard stuff about jobs, growth, and strengthening cities. Sometimes you actually bump into some innovative thinking. That was my impression of a report on "Municipal Banking" produced by the Roosevelt Institute, a nonprofit organization connected to the Franklin D. Roosevelt Library and Museum in New York which focuses on a range of public policy issues and ways we can improve government. As I understand it, the idea with municipal...
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