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Varven@lemmy.world to Memes@lemmy.ml · 1 year ago

the debt

lemmy.world

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the debt

lemmy.world

Varven@lemmy.world to Memes@lemmy.ml · 1 year ago
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  • confusedbytheBasics@lemmy.world
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    1 year 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
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      1 year ago

      Which is?

      • confusedbytheBasics@lemmy.world
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        1 year 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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