2023 has been a year of bank runs, most notably in the US. What’s going on? And how should we invest in response?

In the latest New Money Review podcast, I talk money, credit, banking and markets with Alex Gloy, founder and chief executive of Lighthouse Investment Management.

Listen in to hear us discuss:

• What is money?
• The role of credit in the monetary system
• Interest and the sustainability of debt
• Why a bitcoin-based monetary system can’t work
• Digital bank runs and the stability of banks
• Should governments underwrite all bank deposits?
• Why markets believe interest rates have peaked
• How Facebook jump-started central bank digital currencies (CBDC)
• Why central banks are walking a tightrope with CBDC
• Why investors should prefer real assets to bonds