Happy New Year! Very educational article - thanks. I found this article about how the government in its ambitions to "crack down" on crypto caused the bank run on Signature Bank in 2023:
It is remarkable that a movie made in 1947 is more capable of describing banking than probably anything that has been released to the public since then. government has made banking so arcane, it frightens most people and they do not want to even think about it. perhaps a clue as to why, as a nation, we are so far in debt!
Happy New Year! Very educational article - thanks. I found this article about how the government in its ambitions to "crack down" on crypto caused the bank run on Signature Bank in 2023:
https://www.wsj.com/opinion/debanking-and-the-return-of-operation-choke-point-finance-money-government-8d507083?st=6H2dfm&reflink=desktopwebshare_permalink
That's an informative story. It's fascinating that it was none other than Barney Frank who raised the complaint about discrimination against crypto!
It is remarkable that a movie made in 1947 is more capable of describing banking than probably anything that has been released to the public since then. government has made banking so arcane, it frightens most people and they do not want to even think about it. perhaps a clue as to why, as a nation, we are so far in debt!