this post was submitted on 07 Jun 2024
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[–] [email protected] 7 points 6 months ago (1 children)

Wait a bank is a Ponzi scheme

[–] [email protected] 11 points 6 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 6 months ago (2 children)
[–] [email protected] 14 points 6 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.