On The Brink with Castle Island cover image

Weekly Roundup 05/05/23 (Bank apocalypse, Biden's miner tax, Bhutan's crypto ambitions) (EP.422)

On The Brink with Castle Island

00:00

The Debt Ceiling Negotiations Are More Intractable Than Ever

Bank lending ceasing as the banks become more distressed is deflationary, for sure. But a deposit guarantee would massively expand the monetary base. And I don't really like our chances of getting something passed through Congress on anything right now. Talk about a poly crisis.

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