3 ms·
Wikipedia suggests "Ponzi finance" > non-sustainable patterns of finance, such as borrowers who can only meet their debt commitment if they continuously obtain
by Jare 5y ago
Wikipedia suggests "Ponzi finance"
> non-sustainable patterns of finance, such as borrowers who can only meet their debt commitment if they continuously obtain new sources of financing, often at an accelerating pace and/or ever-increasing interest rates until the borrower cannot secure more financing at any interest rate and becomes insolvent.
- Biologist123 5y agoThanks that’s interesting, but reliant on the all present word Ponzi!