Calomiris: Central Banks' Negative Rates 'Idiocy'

The video discusses the challenges faced by the banking sector, focusing on the impact of low interest rates on bank equity and lending. It highlights the issues with ignoring the commercial banking system in economic analyses and the consequences of currency depreciation. The analysis of Deutsche Bank's struggles due to regulatory and economic factors is presented, along with a critique of the regulatory environment and its impact on banking strategies. The video concludes with a discussion on the broader challenges banks face due to regulatory pressures and central bank policies.

What does the speaker suggest could help improve the situation for banks?

In what way does the speaker compare the relationship between banks and the state?