The fundamental fragility of the modern banking system is exposed again. Less than 15 years after the implosion of Lehman Brothers sparked a global financial and economic crisis, policymakers across the globe are scrambling to contain the spreading fallout from the collapse of Silicon Valley Bank and Credit Swisse and the growing pressure on the mighty Deutsche Bank. Prompted by the last crisis, I decided to dig deeper. First published in 2018, Money Mayhem: The Bewildering Consequences of Cutting Money Free, is a short read which resulted. As you navigate the challenging period ahead, we decided to reproduce it in…

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