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I guess centralized ponzi schemes are better: https://www.federalreserve.gov/monetarypolicy/reservereq.htm#:~:text=Effective%20for%20the%20reserve%20maintenance
by bethecloud 4y ago
I guess centralized ponzi schemes are better: https://www.federalreserve.gov/monetarypolicy/reservereq.htm#:~:text=Effective%20for%20the%20reserve%20maintenance,tranche%20was%20reduced%20to%200 https://www.federalreserve.gov/monetarypolicy/reservereq.htm...
- danielmarkbruce 4y agoCapital requirements are still there. Banks taking deposits and lending it to people doesn't make something a ponzi. Having actual assets with real value and having the potential for liquidity problems is actually the opposite of a ponzi.