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Limiting Discussions Related to Bank Runs Online

The current US administration under President Biden has recently expressed its intention to limit discussions related to bank runs in online platforms, citing concerns over preserving democracy and preventing a possible financial collapse. This move to control information flow was highlighted during a Zoom meeting held on Sunday, which included members of Congress, the Federal Reserve, the Treasury, and the Federal Deposit Insurance Corporation (FDIC).

According to Rep. Thomas Massie, who was present in the meeting, a Democratic Senator had inquired if there were any programs in place that could censor free speech on social media platforms. This inquiry has raised concerns over the possibility of limiting Americans’ right to express their opinions freely.

Can you believe that the government said they will get back to the Senator?

A report from indicates that the first reaction of the Democratic Party is to silence Americans instead of fostering a transparent exchange of ideas. This highlights the administration’s potential disregard for the fundamental principles of freedom of speech and access to information, which are critical for maintaining a healthy democracy.

It is essential to note that the ability to discuss bank runs is not only a fundamental right but also a matter of public interest. Therefore, any attempts to limit these discussions could result in the suppression of crucial information, potentially leading to unintended consequences.

As such, it is crucial to maintain an open and transparent exchange of information and ideas, especially in matters concerning the public’s welfare. Limiting speech and the free flow of information goes against the very fabric of democracy and should not be tolerated.

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