johnny on Nostr: “In a society of sound money, there are no liquidity concerns over a failure of a ...
“In a society of sound money, there are no liquidity concerns over a failure of a bank, as all banks hold all their deposits on hand, and have investments of matched maturity. In other words, there is no systemic risk that could make any bank “too big to fail”. A bank that fails is the problem of its shareholders and lenders and nobody else”. - The #Bitcoin Standard by Saifedean Ammous
Published at
2023-03-18 20:55:48Event JSON
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"content": "“In a society of sound money, there are no liquidity concerns over a failure of a bank, as all banks hold all their deposits on hand, and have investments of matched maturity. In other words, there is no systemic risk that could make any bank “too big to fail”. A bank that fails is the problem of its shareholders and lenders and nobody else”. - The #Bitcoin Standard by Saifedean Ammous",
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