How Banks Really Work - and Why They Fail
Financial Heresy
The Scaled Up System of the Banks
When you scale it up to the system we have today, banks still operate with the privatized profit model. And as long as they're being conservative, then they'll keep on chugging along. When depositors like tech companies are at risk, the government steps in and they socialize the losses. The American people as a whole lose out on the deflation that would have happened otherwise.
00:00
Transcript
Play full episode
Remember Everything You Learn from Podcasts
Save insights instantly, chat with episodes, and build lasting knowledge - all powered by AI.
