3min chapter

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Worldview — the power of central banks

Engelsberg Ideas Podcasts

CHAPTER

Should Banks Be Left to Fail?

Banks are always going to be bailed out by the taxpayer. We've crossed that Rubicon now, haven't we? QE became an ordinary part of a toolkit during COVID crisis. The Fed stepped in with Silicon Valley Bank and put into place retrospectively the sort of scheme I'd like to see in place.

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