2023—year of bank runs

2023 has been a year of bank runs, most notably in the US. What’s going on? And how should we invest in response?In the latest New Money Review podcast, I talk money, credit, banking and markets with Alex Gloy, founder and chief executive of Lighthouse Investment Management.Listen in to hear us discuss:What is money?The role of credit in the monetary systemInterest and the sustainability of debtWhy a bitcoin-based monetary system can’t workDigital bank runs and the stability of banksShould governments underwrite all bank deposits?Why markets believe interest rates have peakedHow Facebook jump-started central bank digital currencies (CBDC)Why central banks are walking a tightrope with CBDCWhy investors should prefer real assets to bonds