4min chapter

Debunking Economics - the podcast cover image

SVB collapse shows there’s no safety in government bonds

Debunking Economics - the podcast

CHAPTER

I'm Peter Thele, I Want My Money Bank

Peter Thele: There are a lot of victims in all of this. Most of them are libertarians. And there's a huge part of evolutionary learning by depositors losing their money by putting in a bad bank. So when it happens to me, I'm Peter Thele. I want my money bank. Where's the government insurance? What do you mean there's no government insurance in the libertarian economy? Ha. Well, they have to live with it. Of course they will get the insurance. They won't get covered. You know, you've now got lucky. You're looking at rates at 4% when they were 0.25% at the absolute bottom. That's...

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