The Daisy Chain Freeze
8:20–9:51 · 91s
Lloyd gives a vivid, step-by-step account of how distrust creates a payment chain standoff that freezes the economy, and why central banks must act as lender of last resort.
8:20–9:51 · 91s
Lloyd gives a vivid, step-by-step account of how distrust creates a payment chain standoff that freezes the economy, and why central banks must act as lender of last resort.
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