M. Moldbug Does It Again.

Best. Quote. About banking. Ever.

From
The Misesian explanation of the bank crisis:

A banking system is like a nuclear reactor: a complicated piece of engineering. If it's engineered right, it works 100% of the time. If it's engineered wrong, it works 99.99% of the time, and the other 0.01% it coats the entire tri-state area in radioactive strontium.

M More after the jump - click here!