The Illusion of the Dollar: Is Fiat Currency the World’s Grandest Ponzi Scheme?
TL;DR: The article delves into the controversial claim that the U.S. dollar, and by extension all fiat currencies, operate like Ponzi schemes. It argues that the U.S. government finances its deficit by continuously taking on new debt to pay off older debts, akin to the mechanism of a Ponzi scheme. It also makes a case […]
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