New Money Review podcast

New Money Review podcast

2023—year of bank runs

May 10, 2023

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