SVB, MMT, TNT

SVB (Silicon Valley Bank)

The Silicon Valley Bank fiasco is an in-your-face example of the systemic risk inherent in fractional-reserve banking. (see Elephant In The Room)

You cannot reliably expect to avoid indefinitely the results of reckless behavior. That should be apparent to all of us after 2008 – 2011. Sooner or later, the full onboard cost will be paid.

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