3 ms·
'Have it now, pay for it later' has been writ large all over the past half-century. Call it 'Ponzi' or what you will, some people raked in a lot of money when i
by 8bitsrule 5y ago
'Have it now, pay for it later' has been writ large all over the past half-century. Call it 'Ponzi' or what you will, some people raked in a lot of money when it was worth a lot more.
That brand-new publicly-funded infrastructure did yeoman service for that approach.
- lotsofpulp 5y agoWorked pretty well as long as people were having 3+ kids and resources had not been claimed/mined. I suspect post WW2 US was in the middle of the S curve, and in recent decades, has entered the top of the S curve.