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May 10, 2023·edited May 10, 2023

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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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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Found from Twitter thanks for writing. Rob

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Love your prose and content, Mr Hayes. Brilliant

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Avid reader of your articles! Awesome that you joined substack

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Cautionary tale...for Bottle Service.

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RemovedMay 23
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I just tried calling, 917-595-9532

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