A Ponzi scheme without anyone running it isn't a Ponzi scheme.
> new money is needed to pay old money
WOW that's a broad definition. Turns out my 401k is a Ponzi!
Do you know the difference between, say, a pyramid scheme and a Ponzi scheme? Or is "new money is needed to pay old money" the most nuanced understanding you have?
> new money is needed to pay old money
WOW that's a broad definition. Turns out my 401k is a Ponzi!
Do you know the difference between, say, a pyramid scheme and a Ponzi scheme? Or is "new money is needed to pay old money" the most nuanced understanding you have?