North Dakota has it down. It is one of only four States not in serious financial trouble -- in fact, it has a $1.2 billion surplus. What's the secret? North Dakota has a State-owned bank outside the Federal Reserve! (The Bank of North Dakota was founded in 1919. The Fed tried to shut it down, but lost the court case). The bank lends money to other banks to help strengthen the local economy. Here's an article from The Liberty Voice explaining how it works.
All economics is local. Prosperity comes from the circulation of money within a community.