Investing

Ben Hunt says, “Cut the BS! The Banks Are Solvent!"

This is our third episode in a series of conversations. To get the full debate you’ll need to listen to the last two episodes with Balaji Srinivasan and Arthur Hayes.
Mar 25, 202301:16:51
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Inside the episode

There are bank runs and also rumors of more bank runs on the horizon. One side says, “the banks are insolvent, get to the lifeboats.” Another side says, “the banks are going to be fine…we’re sick and tired of doomers pulling the fire alarm.” Who’s right?

In this episode, we’re speaking with Ben Hunt who lays out the counterpoint details on why banks are going to be fine. He believes Balaji and Arthur are dangerously wrong. Tune in to hear why!  


TIMESTAMPS

0:00 Intro

6:55 Ben’s Crypto Credentials

10:36 Critiques of the Fed

16:55 Ben’s Understanding of Balaji’s Thesis

24:33 What Ben Believes is Untrue

33:42 Treasuries Are the Safest Assets?

43:34 Ben’s Objection

45:55 Icebergs

50:52 Fiat is Better?

57:45 Step Back for Society?

1:02:26 Checks on Power

1:07:39 Rules-Based Monetary Policy

1:12:30 How to Fix the Fed

1:15:35 Closing & Disclaimers


RESOURCES

Previous Debates

https://www.bankless.com/balaji-bets-the-dollar-will-hyperinflate-to-zero-not-a-drill

https://www.bankless.com/arthur-hayes-says-get-your-bitcoin-and-get-out

Ben Hunt

https://twitter.com/EpsilonTheory

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