“Well, that'll end the run on the bank, right? It'll also…” — Cato Audio at 25:04
“Well, that'll end the run on the bank, right? It'll also introduce terrible moral hazard. It would basically be socializing the banking industry. There would be all kinds of subsequent steps, which would be very, very ugly. So what my theory has always been, and as a finance guy, Peter, you know this very, very well…”
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