Archive - Maxfield on Banks

Will Stablecoins Consume Trillions in Bank Deposits?

Studying the rollout of money market funds in the 1970s to assess the impact of stablecoins on bank deposits today.

Jul 3 •

Banking and the Opaque Cost of Goods Sold

Everything is fine until it isn't.

Jul 2 •

1:54

June 2025

Stablecoins and the Deposit Multiplier

Stablecoins impact on banking will be determined in large part by a mysterious force in finance.

Jun 30 •

1:26

The First Book to Read about Banking

If you want to dip your toes into banking literature, this biography is a good place to start.

Jun 26 •

2:46

Infinite demand and the unusual characteristics of credit

Discipline is so important in banking, because banks must govern their own growth.

Jun 24 •

1:59

The 1920s. The 1980s. And Today.

We look at the similarities in banking between the 1920s, the 1980s and today.

Jun 19 •

2:24

An annotated list of banker biographies

A chronological review of fifty biographies about bankers.

Jun 15 •

7:23

Anatomy of a Typical Bank Failure

Dissecting the failure of ANB Financial.

Jun 12 •

2:06

The Number One Rule in Banking

An overview of the frequency and incidence rate of bank failures.

Jun 11 •

1:42

The Six Eras of American Banking

An improved periodization of banking.

Jun 7 •

3:03

The Periodization of American Banking

The concept of periodization sounds academic but it’s necessary for understanding the megacycles in American banking.

Jun 6 •

1:58

The Great Depression, The Great Moderation and the 1980s

We continue our journey through the chronology of banking.

Jun 5 •

2:49

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