Silicon Valley Bailout, All Butter No Guns, The Art of Peace
The Multipolarity group chat exploded over the weekend, as news of the Silicon Valley Bank implosion began to break.
Andrew Collingwood is angry at what amounts to a subsidy for rich depositors.
Philip Pilkington reminds us that simple deposit insurance could have solved this - and warns that this rule change is now effectively permanent. What does the world of banking look like, now that the rule: 'all deposits are covered at all sizes' has been instantiated into US orthodoxy?
Back in Britain, a Defence Select Committee has heard that it will take ten years for the country to replenish the…
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