AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
2min chapter
Chicago Plan – why it never went anywhere
Debunking Economics - the podcast
The Frustration of Reserve Banking
Banks can buy whatever they like, including shares. Rupert Murdoch would not be comfortable with that. So what you therefore get is runs going to occur, but it's now the wealthy doing the runs rather than the poor. And if the bank goes under for any reason, then there's a compensation scheme which I think also came out of that Chicago plan.
00:00
Transcript
Episode notes
Get the Snipd
podcast app
Unlock the knowledge in podcasts with the podcast player of the future.
AI-powered
Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode
Save any
moment
Hear something you like? Tap your headphones to save it with AI-generated key takeaways
Share
& Export
Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more
AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode