4 ms·
What's the problem when you can always print money out of thin air. The global currency can't be Fiat. No. To the down voters - sarcasm!(I need to mention thi
by zerop 4y ago
What's the problem when you can always print money out of thin air. The global currency can't be Fiat. No.
To the down voters - sarcasm!(I need to mention this explicitly:(..
- Spooky23 4y agoWhy should First Republic get destroyed by a panic because they are headquartered in San Francisco? By all accounts they are a well run bank.
- FollowingTheDao 4y agoI hear this often, that this only happened because of "panic". But people panicked for a reason, and a good one. You know, the way the economy works is that the last one out is the sucker. Well run banks are not downgraded by Fitch and the S&P (Wednesday) citing risks to its funding and liquidity.
- Spooky23 4y agoBanking benefits society when it’s stable. We should be ensuring that regulation is in place to prevent irresponsible risks such as the behavior of SVB so that banks like First Republic, which if anything is super conservative, aren’t driven out of business for no reason. A world where banking consists of Chase, BoA, etc is not a good one.
- Reason077 4y agoThe problem when you print too much money out of thin air? Inflation.
- jeremyjh 4y agoIf brute force isn’t working, then you are not using enough.
- pjc50 4y agoNo money printing involved here: this is just a whip-round to support a struggling colleague, admittedly with very large numbers involved. It's entirely private action, no government involved!
- gilrain 4y ago> To the down voters - sarcasm!(I need to mention this explicitly:(.. Or it just wasn’t funny.