One really dumb idea for New Jersey—bank socialism

The state cannot fund the Transportation Trust Fund properly and Phil Murphy wants more crony capitalism in the Garden State.  What do you expect from a former executive of Goldman Sachs—the epicenter of of crony capitalism in America. 

“New Jersey deposits billions in commercial banks, and the money leaves the state. Phil Murphy asks: Why not build a state-owned bank and keep the money here?

Source: Phil Murphy’s opening bid: A promising plan on economy | Moran

This entry was posted in Banks, Crony capitalism, Democrats, New Jersey, Socialism. Bookmark the permalink.

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