3 ms·
No, not a ponzi scheme. Inflows aren't funding outflows under an illusion of value creation.
by say_it_as_it_is 7y ago
No, not a ponzi scheme. Inflows aren't funding outflows under an illusion of value creation.
- RhysU 7y agoThe article claims that, pre-covid, an increasing number of bureaucrats were being funded by an increasing number of increasingly ill-prepared freshman. Those freshman were not receiving value. If one accepts the article's perspective, why was that condition not a ponzi scheme?