Monday, September 29, 2008

Take that money back out of the mattress!

Due to a forward-happy coworker, I get a great cross section of economic insights on a daily basis. Today, a venerable economist I admire reassured his friends that the banking industry is solid and the vast majority of banks are solvent so no need to fear massive bank runs! He also recommends the following article by George Kaufman to assuage any remaining fears.

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