Matthew Yglesias

@mattyglesias ↗

Deleted No

Hibernated No

Last Checked March 17, 2023

Created

Tue Mar 14 02:00:30 +0000 2023

Likes

Retweets

Source

Twitter for iPhone

View Raw Data

JSON Data

View on Twitter

Likely Available

Matthew Yglesias @mattyglesias

The risks and complications of all this bank plumbing are a very pragmatic alternative to saving money being an expensive process of hiring tons of armed guards and building giant safes. We love our banks! — PolitiTweet.org

Posted March 14, 2023

Preceded By

Matthew Yglesias @mattyglesias

There are all these big risks hidden in the system because actually if too many people ask for their gold back at once the bank collapses. But most days it’s great — everyone is swapping pieces of paper and all the gold is safe without anyone paying gold storage fees. — PolitiTweet.org

Posted March 14, 2023

Followed By

Matthew Yglesias @mattyglesias

But if the technology evolves to the point where there are no gold bars and it’s all just spreadsheet entries and “storing” $1 million on a spreadsheet doesn’t cost any more than storing $1 it seems like we really could do saving & payments without all the lending…. — PolitiTweet.org

Posted March 14, 2023