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Michael Howell: Can The Fed Keep Raising Rates During A Banking Crisis? | Michael Howell
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Can You Just Describe What You're Saying Before About Nationalization of the Banking System?
Bubbly Bowl: There's a question here about CBDCs and I want to tie that to something that you were saying. You mentioned CBDCs earlier. You also mentioned the nationalization of banking systems both in the U.S. and Europe. So my two part question is, can you describe what you're saying before about nationalization of the banking system? And then does that factor into your thoughts or what is the through line between that development and the development of a central bank digital currency? Michael Bociurkiw: What I said was that defacto, a defactso, a nationalization ofThe Federal Reserve balance sheet is effectively banking the banking system
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