brockm on Nostr: Because once it starts, it becomes a race for everyone to get their money out at the ...
Because once it starts, it becomes a race for everyone to get their money out at the same time. In reality, there is no objective reason to panic other than the fact everyone else is panicking. That's the point. Arguments about the merits of fractional reserve banking are kind of besides the point right now. That's academic right now. This is people's lives and livelihood in the here and now.
Published at
2023-03-11 22:14:05Event JSON
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