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The longer you let a ponzi scheme run the worse it gets. So it seems better to take some pain now instead of more pain later.
by spaetzleesser 6y ago
The longer you let a ponzi scheme run the worse it gets. So it seems better to take some pain now instead of more pain later.
- jakemal 6y agoUnfortunately that would require political action that would never be accepted by society until they're hurting enough that it's too late. No politician is going to win an election by promising to make your life worse now for the future generations.
- nutjob2 6y agoNot all ponzi schemes are dysfunctional, some are sustainable in the long term. For instance if you have an asset that appreciates over time and represents true value (say because it generates more income over time) then you can't realize that appreciation if there is no-one to buy that asset from you. That is the marginal effect of having less people.