On todays episode of Forward Guidance, Nathan Tankus Author at Notes on the Crises joins the show for a deep dive into the shadow banking system, recent financial crises and the current state of the banking system post SVB's collapse.
Questioning conventional monetary theory, Nathan outlines his thesis authored in a recent paper released in January 2022 "The New Monetary Theory". Nathan also shares his thoughts on the current FDIC limit of $250,000 and how an increase in this limit could help prevent future bank panics. To hear all this and more, you'll have to tune in!
--
Subscribe To Notes on the Crises: https://www.crisesnotes.com/
Follow Nathan on Twitter: https://twitter.com/NathanTankus
Follow Jack Farley on Twitter https://twitter.com/JackFarley96
Follow Forward Guidance on Twitter https://twitter.com/ForwardGuidance
Follow Blockworks on Twitter https://twitter.com/Blockworks_
--
Referenced In The Show:
THE NIGHT THEY REREAD POZSAR (IN HIS ABSENCE): https://www.crisesnotes.com/the-night-they-reread-pozsar-in-his-absence/
The Best Way to Rob a Bank is to Own One: How Corporate Executives and Politicians Looted the S&L Industry: https://www.amazon.co.uk/Best-Way-Rob-Bank-Own/dp/0292754183
THE NEW MONETARY POLICY: https://files.modernmoney.network/M3F000001.pdf?ref=crisesnotes.com
The Federal Government Always Money-Finances Its Spending: A Restatement: https://www.crisesnotes.com/the-federal-government-always-money/
—
Use code GUIDANCE10 to get 10% off Permissionless 2023 in Austin: https://blockworks.co/event/permissionless-2023
Research, news, data, governance and models – now, all in one place. As a listener of Forward Guidance, you can use code GUIDANCE10 for a 10% discount when signing up to Blockworks Research https://www.blockworksresearch.com/
--
Timestamps:
(00:00) Intro
(03:20) What Is Shadow Money?
(14:51) The Collapse of SVB
(22:42) The Bank Term Funding Program
(29:29) The March Banking Panic Was NOT A Systemic Crisis
(31:23) The Savings & Loans Crisis
(37:37) Bank Crisis... But The Fed Hiked Rates?
(45:17) The New Monetary Policy
(01:04:03) Modern Monetary Theory
(01:13:03) Re-Thinking Government Borrowing
--
Disclaimer: Nothing discussed on Forward Guidance should be considered as investment advice. Please always do your own research & speak to a financial advisor before thinking about, thinking about putting your money into these crazy markets.