Weekly Roundup 09/24/21 (Regulators keep talking about Free Banking, Twitter rolls out LN support, Biden's new OCC nominee) (EP.243)
On The Brink with Castle Island
00:00
The Risk of Going Over Your Skies
In his recent talk, he said that we've experimented historically with private forms of money in the us. He even has the temerity to say, sorry for the history lesson, as if he had a command of the history. So there's a lot wrong with this. The reason the banks failed was not due to the lack of regulation, but due to the presence of regulation. If you compare this somewhat unfree and unfreeds banking system to something like scotland canada, you have very long, stable regimes with infrequent financial crises. Ah, despite that, it was kind of a proto-clearing house clearing house when they were first created.
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