Two career economists (not the ones minted last week on twitter) explain what happened at SVB, and what could be done.

Their books are delightful reads, but this post creates clarity in 5 minutes. Share and enjoy.

https://stephaniekelton.substack.com/p/magical-thinking-monetary-thinking?post_id=1091874

Magical Monetary Thinking at the Fed Killed SVB

By L. Randall Wray and Stephanie Kelton

The Lens
@Migueldeicaza gotta say, not a big fan of option 1