Note on Banking in Very Uncertain Times via Patrick McKenzie (patio11)

The decision to sharply manage down the price of eggs was, indirectly but inescapably, also a considered decision to cause large notional losses to all holders of financial assets. That includes everyone with a mortgage, every startup employee with equity, and every bank.

FROM:

Patrick McKenzie (patio11)

Banking in Very Uncertain Times

Source

Manage down inflation by raising interest rates