EPISODE · Mar 22, 2023 · 39 MIN
How Banks Really Work - and Why They Fail
from Financial Heresy · host iHeartPodcasts
Banks are starting to fail. But why? Is it because of excessive risk-taking? Is it because of a lack of regulation? Is it due to irrational bank runs? The answer is more surprising than all the above. Banks are failing because failure is built into the very structure of how banks work. They are destined to fail. And because of this, the future of banking may look very much like a CBDC.See omnystudio.com/listener for privacy information.
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How Banks Really Work - and Why They Fail
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