Bank runs, money supply collapse, and the Great Depression — what Friedman and Schwartz got right that almost everyone else missed. When depositors panic and pull cash, the money stock doesn't just shrink — it can disappear. Watson and B. Sovereign break down the panic cascade from A Monetary History of the United States and show exactly how fear becomes a monetary contraction in real time. Full episode at bitlemmas.com.
#BankRuns #MoneySupply #MiltonFriedman #GreatDepression #Bitlemmas #SoundMoney #Bitcoin
