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It's the best example of a fiat Ponzi scheme. Keep printing money to keep the guys near the printer (at the top of the pyramid) flush. USD and other fiats are
by bradwood 5y ago
It's the best example of a fiat Ponzi scheme. Keep printing money to keep the guys near the printer (at the top of the pyramid) flush.
USD and other fiats are doing the same. Just at a much slower rate.
Edit:
It's basically just the Cantillion Effect[1] by another name.
[1] https://www.adamsmith.org/blog/the-cantillion-effect https://www.adamsmith.org/blog/the-cantillion-effect