"The Economy" is Hell: On Overproduction and Crypto / Trevor Jackson
This Is Hell!
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The Federal Reserve's Commitment to Infinity
Trevor Jackson: Some businesses will fail. That's just life. It may not be fraud or any particular exogenous disaster. But it kind of only takes a moment of some systemically important, overleveraged financial institution to fail. And so everybody scrambles for cash as quickly as possible; that in turn puts pressure on the central bank and then we face the political question. Will central banks step in? So far, the answer has been unambiguously.
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