997
the debt (lemmy.world)
submitted 5 months ago by Varven@lemmy.world to c/memes@lemmy.ml
164 comments fedilink hide all child comments
you are viewing a single comment's thread
view the rest of the comments
[-] confusedbytheBasics@lemmy.world 11 points 5 months ago

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

[-] blazera@lemmy.world 1 points 5 months ago

Which is?

[-] confusedbytheBasics@lemmy.world 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.

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

Memes

45745 readers
1570 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
gary_host_laptop@lemmy.ml
sexy_peach@feddit.de
cyclohexane@lemmy.ml
cypherpunks@lemmy.ml