By far my favorite quote from this month’s macro insanity was from LynAlden (npub1a2c…w83a): “banks are basically highly-leveraged bond funds with payment services attached, and we treat it as normal to keep our savings in them.”
Absolute 🔥
https://reason.com/video/2023/03/15/blame-the-government-for-the-new-banking-crisis-live-with-lyn-alden-arnold-kling-and-zach-weissmueller/
ryanthegentry /
npub1ua…7n24e
2023-03-20 22:24:16
Author Public Key
npub1uatf9mr3za8xnr0370gl2acc2k7vfeh9dpyf6t426jyasyry4nnqe7n24ePublished at
2023-03-20 22:24:16Event JSON
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"content": "By far my favorite quote from this month’s macro insanity was from #[0]: “banks are basically highly-leveraged bond funds with payment services attached, and we treat it as normal to keep our savings in them.”\n\nAbsolute 🔥\nhttps://reason.com/video/2023/03/15/blame-the-government-for-the-new-banking-crisis-live-with-lyn-alden-arnold-kling-and-zach-weissmueller/",
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