While many of us understand the importance and benefit of public banks for stimulating local economies, there are many who have the opposite point-of-view and can present arguments that are reasonable, given their set of assumptions. It is important that we understand these arguments and can respond to them. The link below is to a recent New York Times Opinion Page Forum entitled Room For Debate, in which arguments are given by both supporters and opponents of public banking.
PDFs of references cited in Mark Calabria’s piece can be found Government Ownership of Banks and Why Do Government Banks Perform Worse? — A Political Interference View.