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Podcast: Townhall Review | Commentaries
Episode: Jerry Bowyer: Failure of Silicon Valley Bank
Description: The failure of Silicon Valley Bank sums up, in one ongoing crisis, the failure of our ruling class. Inflationist monetary policy created a bubble and bust cycle, and SVB was unusually dependent on both the bond bubble and the tech bubble. Silicon Valley’s economy in general was subsidized by easy money and Covid shutdowns which pushed Americans out of malls and theatres and onto e-commerce and streaming services. SVB recklessly expanded as if the bubble would never pop, all the while its chief risk officer whose bio leads with “queer person of color”...