FDR Opposed Deposit Insurance. He Isn’t the Last Word on the Subject
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A collection of 7 posts
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Before Silicon Valley Bank failed last week, I was considering writing a post examining the Federal Reserve’s policy framework in the context of the last sixty years of monetary policy’s history.
Financial crisis nerds have had quite a weekend. In short order the one-of-a-kind Silicon Valley Bank began to reportedly be experiencing losses, and large uninsured depositors began loudly and aggressively “pulling” their deposits.
This is a premium piece of Notes on the Crises. Thank you for being a paid subscriber. Lately, the 1970s have loomed large in economic commentary, thanks to a recurrence of panic over