Member Spotlight
Econ 101: SVB and Bank Runs
wcoats.blog
|
Thu, Mar 16, 2023
by
Warren Coats
Body
"The original sin of modern banking is financing long-term loans and investments with money (demand and savings deposits)," argues BWC member Warren Coats. He continues: "Money... should be fully separated from credit. Deposits should not finance loans."
To continue reading at
wcoats.blog
, click here.
Econ 101: SVB and Bank Runs
wcoats.blog | Thu, Mar 16, 2023
by Warren Coats
Body
"The original sin of modern banking is financing long-term loans and investments with money (demand and savings deposits)," argues BWC member Warren Coats. He continues: "Money... should be fully separated from credit. Deposits should not finance loans."
To continue reading at
wcoats.blog
, click here.