Free Capitalist Network - Community Archive
Mises Community Archive
An online community for fans of Austrian economics and libertarianism, featuring forums, user blogs, and more.

Is our financial system a Ponzi scheme

rated by 0 users
Not Answered This post has 0 verified answers | 0 Replies | 1 Follower

Top 500 Contributor
115 Posts
Points 5,265
inquisitiveteenager posted on Fri, Jun 26 2009 4:22 AM

 

http://en.wikipedia.org/wiki/Fractional-reserve_banking ad many videos on youtube say

money based on debt is a Ponzi scheme that requires perpetual inflation to last?

It has been likened to a game of muscial chairs.

Can someone please enlighten me?

 

  • | Post Points: 5
Page 1 of 1 (1 items) | RSS