this post was submitted on 07 Jun 2024
997 points (92.1% liked)

Memes

45731 readers
984 users here now

Rules:

  1. Be civil and nice.
  2. Try not to excessively repost, as a rule of thumb, wait at least 2 months to do it if you have to.

founded 5 years ago
MODERATORS
[email protected]
[email protected]
[email protected]
[email protected]
997
the debt (lemmy.world)
submitted 5 months ago by [email protected] to c/[email protected]
162 comments fedilink hide all child comments
 
you are viewing a single comment's thread
view the rest of the comments
[–] [email protected] 11 points 5 months ago (1 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 5 months ago (1 children)

Wait a bank is a Ponzi scheme

[–] [email protected] 11 points 5 months 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 5 months ago (2 children)

Which is?

[–] [email protected] 14 points 5 months 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.