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@OxSatoshik's avatar

I wanted to take a moment to express my gratitude for the incredible work you have done in drawing connections between complex economic principles and everyday objects and experiences. Your ability to clearly and effectively communicate these ideas is a true gift, and I have learned so much from your insights.

If you want read in Russian welcome here: https://teletype.in/@rekted_capital/cFrgE-vGI3x

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Byron Gibson's avatar

Fwiw it’s not clear that banks operate under fractional reserve. There’s empirical evidence [1] that they operate by the credit creation theory [2] instead.

[1]:https://www.sciencedirect.com/science/article/pii/S1057521914001070

[2]:https://www.economicsnetwork.ac.uk/archive/starkey_banking/

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