Krugman: Silicon Valley Bank in 2023 isn’t Lehman Brothers in 2008
https://www.siliconvalley.com/2023/03/15/krugman-silicon-valley-bank-isnt-lehman/
If there is one thing almost all observers of the economic scene have agreed about, it is that the issues facing the U.S. economy in 2023 are very different from those it faced in its last crisis, in 2008.
Back then, we were dealing with collapsing banks and plunging demand; these days, banking has been a back-burner issue and the big problem has seemed to be inflation, driven by too much demand relative to the available supply.