Memes

45735 readers

570 users here now

Rules:

Be civil and nice.
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]

998

the debt (lemmy.world)

submitted 5 months ago by [email protected] to c/[email protected]

164 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)

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.