A blog entitled, “North Dakota’s Economic “Miracle”-It’s Not Oil,” quoted Professor Timothy Canova. “North Dakota is the only state that has been in continuous budget surplus since before the financial crisis and it has the lowest unemployment rate in the country.” Professor Canova’s paper entitled, “The Public Option: The Case for Parallel Public Banking Institutions,” came out this June. The blog quoted Professor Canova’s paper, and focused on his comparison between North Dakota’s financial situation and California’s. Read Howestreet.com blog.