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The Lender of Last Resort (EP.300)

Animal Spirits Podcast

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Is This Schrodinger's Bank Run?

Silicon Valley Bank did this thing. They announced that they were raising equity. It lit a spark. Everyone's reporting on it. If we withdraw our money, now we're panicking and causing a run. But if we stay in the bank and it fails, then it's on us too. This is Schrodinger's bank run"

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