#1175 Raoul Pal On Bitcoin And The 2023 Financial Crisis
The Pomp Podcast
00:00
What's Worse Than Unpacking?
In a digital crisis, I don't have to go to the bank and wait my turn to try to withdraw my money. The whole world works at Twitter speed now. It doesn't work by going to the bank. Backstopping the deposits seems to be trying to address that problem. But it still doesn't get rid of the existing reason, which is the rates aren't high enough in the bank.
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