AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
3min chapter
The worst week in crypto history... so far.
Many Happy Returns
Do Bank Runs Just Apply to Banks?
Before we had central banks, there were bank runs all the time. The only way we found of avoiding them is to have a lender of last resort. So that's what a central bank now avoids - it provides liquidity. And if push comes to shove, it can temporarily bail out the entities as long as they're solvent. But do bank runs just apply to banks? Well, let's say you've got a money market fund. It's really just like cash. You put in a dollar, you can take out a dollar at any time and you earn a tiny, runnable rate of interest because they invest in super safe stuff.
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