AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
The Implications of Too Big to Fail Banks
There's a pretty substantial amount of discussion in your book about too big to fail banks for somebody who doesn't even realize that term or they've heard the term, but they really just don't understand the implications. There's a lot of angst and sort of umbrage taken, especially on the left, but probably with this idea that the banks were bailed out in the 2008 financial crisis. If the banks fail, then the whole economy crashes and you end up with a much worse situation. Bitcoin provides an option for becoming your own bank.