Neel Kashkari, Essay: Doubling Down on Wisdom Is an Illusory Solution

“Our financial system has required three massive government interventions in 15 years, starting with the Global Financial Crisis in 2008, followed by a near-collapse of markets in 2020 as the COVID-19 crisis erupted, and now, yet again, in 2023 when Silicon Valley Bank, Signature Bank and First Republic collapsed, triggering strains in the regional banking sector. Can’t we do better as a nation? …”