The Abyss Stares Back
The Remnant with Jonah Goldberg
00:00
I'm Not a Big Fan of PPP Money, but I'd Like to Know if It's a Good Idea.
The idea that somehow, because the depositors have been made whole, bankers in the future will take riskier and riskier moves is hard to play out. Janet Yellen conflated depositors with shareholders; they are different things. I suspect that I am probably 80% on board with the substance of the argument.
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