This provides an interesting example of how Schelling points work. There’s a fear and greed one, and there’s the “nah we’re all to lazy to bank run so why do it?” Yellen is banking on the latter.
Oy vey https://twitter.com/seidlercorp/status/1636518949872451584
Zero point of holding your money in small banks.
This is going to get ugly.
This provides an interesting example of how Schelling points work. There’s a fear and greed one, and there’s the “nah we’re all to lazy to bank run so why do it?” Yellen is banking on the latter.
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