from Patrick McKenzie | by Patrick McKenzie

Patrick McKenzie


about 1 year ago

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Today's Bits about Money is about the banking situation. You can find analysis about the three institutions that failed elsewhere; this is about what causes, institutional response, facts about the world currently underappreciated, and recommendations.

I try to be nuanced and measured, as always, but I'm also trying to convey an appropriate level of concern. The last few days have been a bad update, and not in the usual "every time a business dies unexpectedly a bit of light goes out of the world" way.

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