3 ms·
> It's a ponzi scheme No, it's not. It's intergovernmental debt, it's essentially meaningless. If I write myself an IOU for $1mil, I'm not going to be especi
by kaonashi 10y ago
> It's a ponzi scheme
No, it's not. It's intergovernmental debt, it's essentially meaningless.
If I write myself an IOU for $1mil, I'm not going to be especially concerned about my solvency.
- unknown_apostle 10y agoYou personally could only write yourself an IOU not for US dollars, but for Kaonashi dollars. That's meaningless because nobody will trade you anything in exchange for those Kaonashi dollars. At least I wouldn't :-)
- ArkyBeagle 10y agoI assure you; this is written in good old US dollars.