2min chapter

Bankless cover image

The U.S. Banking System, Federal Reserve, & USDC Post-SVB Collapse with Ram Ahluwalia

Bankless

CHAPTER

Why Do We Need Capital Markets?

Banks play an important role in extending credit by the way bank loans are cheaper than equity cost of capital. And so they play a very important role you know if you want to look at a world without banks. There's a wonderful book by her nando de Soto called mystery of capital and he's a great guy.

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