5min chapter

Policy@McCombs cover image

Charles Calomiris on FinTech

Policy@McCombs

CHAPTER

Is There a Liquidity Crisis?

The banks are most threatened. Most threaten the incumbents, i by the tech people,. Because they have the network, right? And so they have the entry to the relationship. 27 % of the american public has no bank account. The government cannot stop this if the government doesn't let you do it. Don't think that you're immune, you can operate in some cloud, right? NoYou are still physically linked to your physical body. We need to wake up and realize that we deserve a better future.

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