3 ms·
Won? Lost? Are you 12 years old? A bank run is a self fulfilling prophecy driven by irrational fear. It is, by definition, irrational. It also doesn’t happe
by parasubvert 4y ago
Won? Lost? Are you 12 years old?
A bank run is a self fulfilling prophecy driven by irrational fear. It is, by definition, irrational. It also doesn’t happen much any more because most banks aren’t susceptible to them (ie. have 90%+ deposits uninsured).
- deleted 4y ago[deleted]