Mar 13 • 36M

SVB collapse shows there’s no safety in government bonds

In 2008 we saw banks collapse because of dodgy assets. This time they collapse is because of US Treasuries, supposedly the safest assets there is.

Upgrade to listen
Economist Steve Keen talks to Phil Dobbie about the failings of the neoclassical economics and how it reflects on society.ems-based alternative to mainstream economics
Episode details

The collapse of Silicon Valley Bank last week can be put down to two things – first a management team that clearly ignored the falling value of the assets they held, and second the fact that the Fed was doing its best to make those assets fall even more. The end result is hardly a surprise when you look at the numbers. In fact Frances Coppola predicted …

Listen to this episode with a 7-day free trial

Subscribe to Building a New Economics to listen to this episode and get 7 days of free access to the full post archives.