Will the Banks Collapse? – The Atlantic https://t.co/uoZxhmgnNa
— phawker (@phawker) June 11, 2020
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Will the Banks Collapse? – The Atlantic https://t.co/uoZxhmgnNa
— phawker (@phawker) June 11, 2020
Comments are closed.
Frank Partnoy has a point but, his fears are unjustified because the entire economic system has always been smoke and mirrors anyway.
Paper money has no intrinsic value like gold and cucumbers do.
It has an assigned value based on trust.