Honestly with Bari Weiss
Bank Runs, Crypto Scams and World-Transforming AI with Tyler Cowen
Mar 21, 2023
Tyler Cowen, a prominent economist and author, returns to discuss the recent turmoil in the banking sector, particularly the collapse of Silicon Valley Bank. He analyzes the psychology behind bank runs and the impact on public trust in financial institutions. The conversation shifts to the allure of cryptocurrency during crises and the potential of AI as a transformative force. Cowen also reflects on his interactions with notable figures like Sam Bankman-Fried, while offering insights on the economic landscape, inflation, and the challenges facing the tech industry.
01:12:01
Episode guests
AI Summary
Highlights
AI Chapters
Episode notes
Podcast summary created with Snipd AI
Quick takeaways
- The collapse of Silicon Valley Bank raises concerns about banking stability and trust in financial institutions.
- Central banks' caution in raising interest rates may impact inflation rates and challenge traditional notions of banking safety.
Deep dives
Silicon Valley Bank and Signature Bank Crisis
The financial stability of Silicon Valley Bank (SVB) and Signature Bank is in question due to recent events. The collapse of SVB was triggered by bad management and high percentage of uninsured deposits. The interconnected network of tech individuals led to a rapid bank run. While the FDIC intervened to guarantee deposits, concerns about potential bank failures remain.
Remember Everything You Learn from Podcasts
Save insights instantly, chat with episodes, and build lasting knowledge - all powered by AI.
