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the debt (lemmy.world)

submitted 3 weeks ago by [email protected] to c/[email protected]

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[–] [email protected] 11 points 3 weeks ago (5 children)

if it makes you feel any better you'd go to prison if you decided to run a ponzi scheme... unless you're a bank, that is

[–] [email protected] 7 points 3 weeks ago (4 children)

Wait a bank is a Ponzi scheme

[–] [email protected] 11 points 3 weeks ago (1 children)

Not literally. I bet the poster notices the overlap between ponzi and fractional reserve lending and doesn't care about the differences

[–] [email protected] 1 points 3 weeks ago (2 children)

Which is?

[–] [email protected] 14 points 3 weeks ago

Lota of differences but the key is: A ponzi scheme pays returns out of future investment. Fractional reserve lending pays returns from interest collected on investments.

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