• Written by: Crypto Breaking News
• Fri, 10 Mar 2023
•   United Kingdom

For example, some (particularly bitcoiners) will be tempted to blame the Fed for hiking rates, but that’s a genuinely necessary measure to rein in inflation. That inflation, in turn, was the result of both real cost rises linked to COVID-19, and a money supply significantly expanded by COVID relief and bailout policies. The net cost [...] The post A Tale of 2 Banks: Why Silvergate and Silicon Valley Bank Collapsed appeared first on Crypto Breaking News.

A Tale of 2 Banks: Why Silvergate and Silicon Valley Bank Collapsed

For example, some (particularly bitcoiners) will be tempted to blame the Fed for hiking rates, but that’s a genuinely necessary measure to rein in inflation. That inflation, in turn, was the result of both real cost rises linked to COVID-19, and a money supply significantly expanded by COVID relief and bailout policies. The net cost and benefit of those policies will take years to fully reckon with, but an anti-Fed critique at this moment is at best reductive.

Source: CoinDesk

The post A Tale of 2 Banks: Why Silvergate and Silicon Valley Bank Collapsed appeared first on Crypto Breaking News.