12∞ · Question 11.3.3
Why do banking crises keep happening?
Because banks lend out most of what is deposited, which works until depositors lose confidence all at once.
From the book 12∞ Twelve to Infinity by D.R. Davenport. The full answer is free to read with an iBelieve account.
Where it sits in the book
- Part
- 11: How Humanity Got Here
- Gate
- 11.3: The Economics of Fear
- In print
- Page 364
- ← 11.3.2 · How has debt been used to control people?
- 11.3.4 → · How powerful have corporations been in history?
- All of Part 11
Topics
Last updated