Re:SVB Depositors, Investors Tried to Pull $42B Thursday
by alangibson on Saturday March 11, 2023 @09:28AM
(#35108504)
The textbook story about banks taking in deposits and lending some of them back out hasn't been true in modern economies for a long time. Banks don't need deposits to make loans.
It's a long story, so I always recommend going down the Modern Monetary Theory rabbit hole.
It's a long story, so I always recommend going down the Modern Monetary Theory rabbit hole.