According to the 2010 Census, the racial and ethnic composition of North Dakota was as follows:
White: 90.0%
Native American: 5.4%
Hispanic or Latino (of any ethnic groups): 2.0%
Black or African American: 1.2%
Asian: 1.0%
Pacific Islander: 0.1%
Some other ethnic groups: 0.5%
Two or more ethnic groups: -0.2%
I report. You decide.
Well, I was going to say something incendiary, but decided against it.
Buuuuut... seeing as how you brought it up, allow me to observe the following:
1. ND spends less per pupil in it’s schools and achieves a higher educational outcome than states that spend almost twice per pupil what ND does. Washington DC would be an excellent example of a school system that wishes they could achieve what ND’s schools do... even if they held spending constant.
2. I fully believe that you could hand the BND to states which are run by minority agitation groups (eg, California, NY, NJ, et al) and the bank would be belly up in less than three years.
The hard truth of the matter is this: In money, as in things such as the rights enumerated by the Bill of Rights, the capacity required for the proper exercise and restraint utterly escapes many minority groups for the majority of their members. They “don’t get it” and they likely never will “get it.”
All I’m saying is this: A state bank isn’t a wholly goofy idea. There is one, it came about as a result of problems rather similar to what we see today, and their track record during the Depression shows that such a bank can serve as a very important counter-balance to private sector banks run by rather silly people.