3 ms·
Same with any paper-based security as well. Any fiscal instrument can look like a Ponzi scheme if you pick the right angle.
by cantankerous 14y ago
Same with any paper-based security as well. Any fiscal instrument can look like a Ponzi scheme if you pick the right angle.
- varjag 14y agoThat's why I wrote "overstretched". I'm not opposing the idea of fiat currency in general. At essence of any Ponzi scheme lies debt that inherently can not be repaid, and public disclosure of that acts as tipping point.