the debt
the debt
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164 comments
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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
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Wait a bank is a Ponzi scheme
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Not literally. I bet the poster notices the overlap between ponzi and fractional reserve lending and doesn't care about the differences
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Which is?
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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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Bank is legal because... reasons...
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164 comments