@[email protected] to [email protected] • 11 months agothe debtlemmy.worldimagemessage-square164fedilinkarrow-up11.09Karrow-down192
arrow-up1995arrow-down1imagethe debtlemmy.world@[email protected] to [email protected] • 11 months agomessage-square164fedilink
minus-square@[email protected]linkfedilinkEnglish11•11 months agoNot literally. I bet the poster notices the overlap between ponzi and fractional reserve lending and doesn’t care about the differences
minus-square@[email protected]linkfedilinkEnglish14•11 months agoLota 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.
Wait a bank is a Ponzi scheme
Not literally. I bet the poster notices the overlap between ponzi and fractional reserve lending and doesn’t care about the differences
Which is?
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.
Bank is legal because… reasons…