FICTIONAL RESERVE BANKING

GPT-4 on Inflation-Fueled Bank Runs

Imaginary Internet Money Showdown: Crypto vs. Government-Issued Currency

Mati Allin
11 min readMar 17, 2023

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US Secretary of Treasury Janet Yellen testifies before Senate on 03/16/23 via YouTube.

I asked AI: Explain how a bank run shows the fractional reserve system is a Ponzi

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