RAND's Jonathan William Welburn explains what makes the first major bank run of the social media era so worrisome: bit.ly/3JaL4KU

Bank runs as a source of systemic risk are nothing new. Financial panics tend to develop around common features. But something *is* different with #SVB, says RAND's Jonathan William Welburn: the unprecedented speed of the failure. bit.ly/3JlDGg9

"Yesterday's segregation is today's wealth gap," says RAND's Jonathan William Welburn. "We like to pretend that we live in a race-neutral, merit-based society now … but you can't erase history. It shows up in our wealth. For many, it shows up in the *lack* of wealth." bit.ly/3IaKld8

"Yesterday's segregation is today's wealth gap," says RAND's Jonathan William Welburn. "We like to pretend that we live in a race-neutral, merit-based society now … but you can't erase history. It shows up in our wealth. For many, it shows up in the *lack* of wealth." bit.ly/3IaKld8

Can America’s racial wealth disparities be eliminated with “colorblind” policies? rand.org/pubs/external_…

You should be reading Kathryn Anne Edwards.

"The question for central banks, including the U.S. Federal Reserve, is when to declare victory and whether or not they risk declaring victory too early in the fight against inflation." — RAND's Jonathan William Welburn marketplace.org/2023/12/11/thi…

Inflation in Times of Supply Shocks Our session at the International Economics Association World Congress is staring in 15 minutes. We’ll get into the weeds of supply shocks and what they do to prices. Join us!

RAND report evaluates cyber-specific needs in addressing supply chain risk management dlvr.it/T0kV7S

"Washington must be alert not only to banks but a variety of organizations whose collapse would disrupt the economy and threaten our security." RAND's Jonathan William Welburn considers the recent CrowdStrike outage and lessons from the 2008 financial crisis: wsj.com/articles/crowd…

Is Big Tech too big to fail? I started the morning off on #CNBC #SquawkBox discussing just that. The #CrowdStrike outage has been the wakeup call to proactively manage risks to systemically important entities. cnb.cx/46hgVVo

Is big tech "too big to fail?" RAND's Jonathan Welburn comments following last week's $CRWD glitch and global tech outage.

Does the concept of "too big to fail" apply to technology? And in light of the CrowdStrike meltdown, what can be done to address systemic risk? Watch RAND's Jonathan William Welburn on CNBC: youtube.com/watch?v=5VTXnY…

"This heavy dependence on the tech sector is new, and it does increase the vulnerability to large shocks." RAND's Jonathan William Welburn discusses systemic risk in the Times: nytimes.com/2024/09/24/tec…

"The banking industry and its regulators should seek solutions to bring more of the unbanked into the traditional banking sector. That would be good for banks and their low-income customers." — Jonathan William Welburn & Vegard Nygaard wsj.com/opinion/bankin…

With RAND colleagues Jonathan William Welburn, Flannery Dolan, Tim McDonald, Karishma Patel, Benjamin Boudreaux, Chandra Garber and Leah Dion.