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"people spend far too much energy worrying about the cost of bank failures, and far too little worrying about the cost of bank survival… Bank failures…are much less expensive than the things we do to fill holes in bank balance sheets so we need never acknowledge their failures." ~me https://drafts.interfluidity.com/2023/03/21/banks-are-not-private/index.html

// is this kind of self-quote a gross form of self-promotion?