{"id":109103,"date":"2024-03-08T12:39:37","date_gmt":"2024-03-08T07:09:37","guid":{"rendered":"http:\/\/finservwealth.com\/financial-crises-are-a-feature-not-a-bug-of-the-us-system\/"},"modified":"2024-03-08T12:39:37","modified_gmt":"2024-03-08T07:09:37","slug":"financial-crises-are-a-feature-not-a-bug-of-the-us-system","status":"publish","type":"post","link":"https:\/\/finservwealth.com\/hi\/financial-crises-are-a-feature-not-a-bug-of-the-us-system\/","title":{"rendered":"Financial crises are a feature, not a bug, of the US system"},"content":{"rendered":"<p> The US system is highly responsive to democratic, political and often populist demands. SVB sunk, in part, because in 2018, lobbying efforts by smaller banks allowed them to escape tougher rules created only a few years earlier \u00e2\u20ac\u201c with bipartisan support. Politics deemed these banks weren\u00e2\u20ac\u2122t systemically risky. But they were. Independent central banks may be good at inflation targeting and financial stability, but they struggle to help economic growth or helpful innovations<\/p><div id=\"finse-1219490624\" class=\"finse-content finse-entity-placement\"><script async src=\"\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-9118214110898834\" crossorigin=\"anonymous\"><\/script><ins class=\"adsbygoogle\" style=\"display:block;\" data-ad-client=\"ca-pub-9118214110898834\" \ndata-ad-slot=\"\" \ndata-ad-format=\"auto\"><\/ins>\n<script> \n(adsbygoogle = window.adsbygoogle || []).push({}); \n<\/script>\n<\/div>\n<p><a href=\"https:\/\/www.moneycontrol.com\/news\/economy\/financial-crises-arefeature-notbugthe-us-system_17490301.html\" target=\"_blank\" class=\"feedzy-rss-link-icon\" rel=\"noopener\">Read More<\/a><\/p>\n<p>\u200b\u00a0The US system is highly responsive to democratic, political and often populist demands. SVB sunk, in part, because in 2018, lobbying efforts by smaller banks allowed them to escape tougher rules created only a few years earlier \u00e2\u20ac\u201c with bipartisan support. Politics deemed these banks weren\u00e2\u20ac\u2122t systemically risky. But they were. Independent central banks may be good at inflation targeting and financial stability, but they struggle to help economic growth or helpful innovations The US system is highly responsive to democratic, political and often populist demands. SVB sunk, in part, because in 2018, lobbying efforts by smaller banks allowed them to escape tougher rules created only a few years earlier \u00e2\u20ac\u201c with bipartisan support. Politics deemed these banks weren\u00e2\u20ac\u2122t systemically risky. But they were. Independent central banks may be good at inflation targeting and financial stability, but they struggle to help economic growth or helpful innovations\u00a0\u00a0Moneycontrol Latest News\u00a0<a href=\"https:\/\/www.moneycontrol.com\/news\/economy\/financial-crises-arefeature-notbugthe-us-system_17490301.html\" target=\"_blank\" class=\"feedzy-rss-link-icon\" rel=\"noopener\">Read More<\/a>\u00a0\u00a0<\/p>","protected":false},"excerpt":{"rendered":"<p><!-- wp:html --><\/p>\n<p> The US system is highly responsive to democratic, political and often populist demands. SVB sunk, in part, because in 2018, lobbying efforts by smaller banks allowed them to escape tougher rules created only a few years earlier \u00e2\u20ac\u201c with bipartisan support. Politics deemed these banks weren\u00e2\u20ac\u2122t systemically risky. But they were. Independent central banks may be good at inflation targeting and financial stability, but they struggle to help economic growth or helpful innovations<\/p>\n<p><a href=\"https:\/\/www.moneycontrol.com\/news\/economy\/financial-crises-arefeature-notbugthe-us-system_17490301.html\" target=\"_blank\" class=\"feedzy-rss-link-icon\" rel=\"noopener\">Read More<\/a><\/p>\n<p>\u200b\u00a0The US system is highly responsive to democratic, political and often populist demands. SVB sunk, in part, because in 2018, lobbying efforts by smaller banks allowed them to escape tougher rules created only a few years earlier \u00e2\u20ac\u201c with bipartisan support. Politics deemed these banks weren\u00e2\u20ac\u2122t systemically risky. But they were. Independent central banks may be good at inflation targeting and financial stability, but they struggle to help economic growth or helpful innovations The US system is highly responsive to democratic, political and often populist demands. SVB sunk, in part, because in 2018, lobbying efforts by smaller banks allowed them to escape tougher rules created only a few years earlier \u00e2\u20ac\u201c with bipartisan support. Politics deemed these banks weren\u00e2\u20ac\u2122t systemically risky. But they were. Independent central banks may be good at inflation targeting and financial stability, but they struggle to help economic growth or helpful innovations\u00a0\u00a0Moneycontrol Latest News\u00a0<a href=\"https:\/\/www.moneycontrol.com\/news\/economy\/financial-crises-arefeature-notbugthe-us-system_17490301.html\" target=\"_blank\" class=\"feedzy-rss-link-icon\" rel=\"noopener\">Read More<\/a>\u00a0\u00a0<\/p>\n<p><!-- \/wp:html --> The US system is highly responsive to democratic, political and often populist demands. SVB sunk, in part, because in 2018, lobbying efforts by smaller banks allowed them to escape tougher rules created only a few years earlier \u00e2\u20ac\u201c with bipartisan support. Politics deemed these banks weren\u00e2\u20ac\u2122t systemically risky. But they were. Independent central banks may be good at inflation targeting and financial stability, but they struggle to help economic growth or helpful innovations<\/p>","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"content-type":"","_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"neve_meta_sidebar":"","neve_meta_container":"","neve_meta_enable_content_width":"","neve_meta_content_width":0,"neve_meta_title_alignment":"","neve_meta_author_avatar":"","neve_post_elements_order":"","neve_meta_disable_header":"","neve_meta_disable_footer":"","neve_meta_disable_title":"","_themeisle_gutenberg_block_has_review":false,"footnotes":""},"categories":[70],"tags":[],"class_list":["post-109103","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-latest-news"],"jetpack_featured_media_url":"https:\/\/www.moneycontrol.com\/news_image_files\/2023\/200x200\/b\/banking_200.jpg","_links":{"self":[{"href":"https:\/\/finservwealth.com\/hi\/wp-json\/wp\/v2\/posts\/109103","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/finservwealth.com\/hi\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/finservwealth.com\/hi\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/finservwealth.com\/hi\/wp-json\/wp\/v2\/comments?post=109103"}],"version-history":[{"count":0,"href":"https:\/\/finservwealth.com\/hi\/wp-json\/wp\/v2\/posts\/109103\/revisions"}],"wp:attachment":[{"href":"https:\/\/finservwealth.com\/hi\/wp-json\/wp\/v2\/media?parent=109103"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/finservwealth.com\/hi\/wp-json\/wp\/v2\/categories?post=109103"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/finservwealth.com\/hi\/wp-json\/wp\/v2\/tags?post=109103"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}