A crisis where more receipt-holders demand gold than the bank actually has.
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bank run
A transcript-matched topic anchored by excerpts such as "Okay. So that's a really good point. The problem is, so the answer is that they all knew each other anyway. Okay. Because it's..."
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Topic Scope And Freshness
Key Notes
A bank run exposes the fragility of multiplying receipts beyond the actual gold reserve.
Timestamped Evidence
"Okay. So that's a really good point. The problem is, so the answer is that they all knew each other anyway. Okay. Because it's..."
"...gold back, then I'm screwed. This is what we call a bank run. Okay. A bank run. And this is a huge problem for..."
Relevant Lectures And Readings
The first Secret History class starts with Kant and ends with alchemy.
Related Topics
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