Deposits are money — and that's exactly what makes banking panics so dangerous. Friedman and Schwartz proved that when deposits vanish, the real economy feels it immediately: fewer wages paid, fewer goods bought, fewer contracts settled. Watson and B. Sovereign explain how monetary collapse can be prevented — and what tools were available to the Fed in 1933 that went unused. Full episode at bitlemmas.com.
#MonetaryCollapse #BankDeposits #GreatContraction #Bitlemmas #MiltonFriedman #Bitcoin #SoundMoney
