7 Comments
User's avatar
@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

Expand full comment
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/

Expand full comment
Robert Dyer's avatar

Found from Twitter thanks for writing. Rob

Expand full comment
James Burbidge's avatar

Love your prose and content, Mr Hayes. Brilliant

Expand full comment
Raphael Wilhelm's avatar

Avid reader of your articles! Awesome that you joined substack

Expand full comment
Peter Luksin's avatar

Cautionary tale...for Bottle Service.

Expand full comment
User's avatar
Comment removed
May 23, 2024
Comment removed
Expand full comment
Peter Luksin's avatar

I just tried calling, 917-595-9532

Expand full comment