3 min listen
How Banks Really Work - and Why They Fail
FromFinancial Heresy
ratings:
Length:
40 minutes
Released:
Mar 22, 2023
Format:
Podcast episode
Description
Banks are starting to fail. But why? Is it because of excessive risk-taking? Is it because of a lack of regulation? Is it due to irrational bank runs? The answer is more surprising than all the above. Banks are failing because failure is built into the very structure of how banks work. They are destined to fail. And because of this, the future of banking may look very much like a CBDC.See omnystudio.com/listener for privacy information.
Released:
Mar 22, 2023
Format:
Podcast episode
Titles in the series (64)
Introducing: Financial Heresy with Joe Brown by Financial Heresy