Evidence receipt / belief
Published · transcript-backedTyler Cowen: belief
25 Jun 2025 Conversations with Tyler Austan Goolsbee on Central Banking as a Data Dog
“The real sector of the economy, and that’s not FDIC insured, and a lot of that is, in fact, runs-prone, as we learned in 2008, so you’ve just got to be hyper, super nervous.”
Source trail
Everything needed to verify it.
- Speaker
- Tyler Cowen
- Attribution
- Verified speaker
- Claim type
- belief
- Recorded
- 25 Jun 2025
- Publisher
- Conversations with Tyler
Transcript context
…It’s that low. The real sector of the economy, and that’s not FDIC insured, and a lot of that is, in fact, runs-prone, as we learned in 2008, so you’ve just got to be hyper, super nervous. Yes. Look, that’s the very essence of financial stability. The conundrum of financial stability that we face as a society and as central banks around the world are exactly this — that there is an official banking sector that we have oversight of. Then there’s a shadow banking sector, which is getting bigger and bigger every year and can be prone to runs, and that runs. What is the role of a central bank as a lender of last resort in an environment where it doesn’t play?…
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