The Banking Crisis and Crypto with Art Laffer
FYI - For Your Innovation
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The Banking System in the 19th Century in Times of Crisis Discount Freely
If I had been Janet Yellen on that Sunday night when they made the decision in Silicon Valley Bank, I would have done exactly what she did as a short-term palliative to solve the problem. You do not want depositors as a bank to be the most expert analyst as the solvency of the bank. The core solution has to be monetary policy and fiscal policy. Otherwise it will not be solved. We don't think the system's over. And I have always been a huge fan of yours with regard to cryptos... But how can we get a crypto that has a stable value?
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