brockm on Nostr: FRB hasn't engaged in any specifically risky behavior. There are many institutions ...
FRB hasn't engaged in any specifically risky behavior. There are many institutions that are worse capitalized than them. The only reason they're facing a run on the bank is due to market psychology. This is a tragedy of the commons problem.
Published at
2023-03-11 22:43:50Event JSON
{
"id": "b814c2b6e2577bc5a8adc1d2ba8719d97ab27cf05cb3d2bf5f2f0d05d9d3159f",
"pubkey": "b9003833fabff271d0782e030be61b7ec38ce7d45a1b9a869fbdb34b9e2d2000",
"created_at": 1678574630,
"kind": 1,
"tags": [
[
"e",
"3317e763cb0b15e5b4fcd64b7eacdd70ec60b58cf3373b82b2c1f22e7df4acbb"
],
[
"e",
"496a6c5d2772600e15e40d3b74dbfb8392fc97ea65539201ef8feb84b6dd4b57"
],
[
"p",
"d34b37ea9c8800f79ce43254483171f09c2c0011fee03bb3b9b8be8f083253cd"
],
[
"p",
"d34b37ea9c8800f79ce43254483171f09c2c0011fee03bb3b9b8be8f083253cd"
],
[
"p",
"d34b37ea9c8800f79ce43254483171f09c2c0011fee03bb3b9b8be8f083253cd"
]
],
"content": "FRB hasn't engaged in any specifically risky behavior. There are many institutions that are worse capitalized than them. The only reason they're facing a run on the bank is due to market psychology. This is a tragedy of the commons problem.",
"sig": "f3752240221f6efee521fb3f2a598503a1443746e3c4d46a00645a9f8a6d7f82c0c7b2920daada1a3d04c376491c80b11c6526cc4f133773a6f670ecfe2731b4"
}
