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So then where did the idea that banks have particularly risky funding come from that Levine can make such a statement in his very-popular newsletter as if it is a well-known fact?
Feature of the fiat world // he never studied banking history past the 20th C...?
So then where did the idea that banks have particularly risky funding come from that Levine can make such a statement in his very-popular newsletter as if it is a well-known fact?