The Financial Crisis of 2023: Protecting Big Finance, Coming and Going

>> Read article published by INET

As part of the “Banking Crisis Symposium” sponsored by INET, PERI’s Gerald Epstein discusses the causes of the current banking crisis and SVB collapse and provides structural solutions to prevent this from getting worse or happening again.

He writes, “we need publicly provided accounts where households and businesses can hold their money, risk-free. A healthy economy needs a set of basic institutions that provide financial services to families and businesses that facilitate their productive and necessary activities.”