{
 "rec_id": "media-the-business-cycle-since-the-fdic-there-have-been-fewer-bank-failures-isn-t-this-a-good-thing",
 "course": "the-business-cycle",
 "title": "Since the FDIC there have been fewer bank failures. Isn't this a good thing?",
 "speaker": "Murray N. Rothbard",
 "source_file": "media/The Business Cycle/Since the FDIC there have been fewer bank failures Isnt this a good thing_ Murray N Rothbard.mp3",
 "model": "medium",
 "language": "en",
 "language_probability": 1,
 "duration_s": 30.5,
 "generated": "2026-08-06T00:15:30Z",
 "generator": "scripts/transcribe_lectures.py (faster-whisper)",
 "machine_generated": true,
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 "text": "Now, obviously, when you have that, you're not going to have any less bank runs, if any, than in a situation where the banks are free to go bankrupt. But, see, the point is, as far as I'm concerned, the more the banks go bankrupt, the better it is, because that at least keeps a healthy check on bank credit and inflation. I mean, now the sky's the limit. The banks are free now. They can do anything they want within the limits of the Federal Reserve system. Of course, the Federal Reserve is inflationary anyway. So, hey, nobody denies the use of facts there, it's a question of interpretation and print-on-ass.",
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   "text": "Now, obviously, when you have that, you're not going to have any less bank runs, if any, than in a situation where the banks are free to go bankrupt.",
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   "text": "But, see, the point is, as far as I'm concerned, the more the banks go bankrupt, the better it is, because that at least keeps a healthy check on bank credit and inflation.",
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   "text": "I mean, now the sky's the limit.",
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   "text": "The banks are free now. They can do anything they want within the limits of the Federal Reserve system. Of course, the Federal Reserve is inflationary anyway.",
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   "text": "So, hey, nobody denies the use of facts there, it's a question of interpretation and print-on-ass.",
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}