The Banking System in the 19th Century in Times of Crisis Discount Freely

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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?

On this episode of For Your Innovation, we wanted to highlight last week’s special edition of “In the Know,” a monthly video series featuring ARK CEO/CIO, Cathie Wood. In this special episode, Cathie is joined by her mentor, former professor, and advisor to ARK Investment Management LLC, Dr. Art Laffer. Famous for the Laffer Curve, Art is an economist and was named one of Time’s Greatest Minds of the 20th Century.

Together, Cathie and Art dive into the recent banking crisis and the world of cryptoassets.

We hope you find this monthly series useful, especially during periods of heightened volatility. Stay Healthy. Stay Innovative.

“It’s not up to congress to allow or not allow crypto. It shouldn’t be.” – Dr. Art Laffer Episode Timestamps