Six money and banking experts offer their initial reactions to the Silicon Valley Bank debacle.

This post is part of the “Piercing the Monetary Veil” symposium. Other contributions can be found here. In 2017, the Federal Reserve Bank of New York published a comic book on the origins of money. The story, called “Once Upon a Dime,” unspools sweetly. Far far away, on the planet Novus, a community of good-willed…

Only when the monetary project of the agrarian populists failed did Americans settle on the exclusionary system that Baradaran describes. The contrast suggests that designing money is shaping community; it can bring people together or set them at each other’s throats.