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Yeah, these days we only have existential risk to our system via structural contagion twice per decade. Good thing we moved past that era! Those issues were re
by anm89 4y ago
Yeah, these days we only have existential risk to our system via structural contagion twice per decade. Good thing we moved past that era!
Those issues were real and went o longer than they needed to but also weren't as deeply structural as the issues today. Our issues are different but not better.
- pbourke 4y agoI don’t know what you would consider “deeply structural,” but not having influence over the money supply seems fairly structural. Going back further, the issues are larger: not having a central bank, not having a single currency, no deposit insurance, etc.