Banking on Disaster - LewRockwell

Banking on Disaster - LewRockwell: On Sunday, March 12, regulators shut down the Signature Bank. They reason they gave for doing this is incredible. They said that the entire financial system night collapse if they didn’t. What kind of insane system is it in which a run on one bank can cause such a disaster? The crisis shows once more that the great Murray Rothbard was right. We need to end the Fed and fractional reserve banking and restore the gold standard. Then the financial system will be safe from collapse. Here is what happened, according to the New York Times March 12, 2023: “Signature … Continue reading →