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It's a ponzi scheme when Government subsidized debt and high risk mortgages (NB: free money) removes price pressures, allowing prices to inflate to unreasonable
by sidereal1 10y ago
It's a ponzi scheme when Government subsidized debt and high risk mortgages (NB: free money) removes price pressures, allowing prices to inflate to unreasonable highs. It's a feedback loop where more money > higher prices = good investment > more money.