3 ms·
Can you explain the math on how lending money is a ponzi scheme? I don't entirely understand.
by infecto 5y ago
Can you explain the math on how lending money is a ponzi scheme? I don't entirely understand.
- azth 5y agoWe saw what happened in the 2008 crash. Selling debt for debt, facilitated only by lending money at non zero interest, caused a huge chain to come to existence. Once the first domino tipped, everything came crashing down.