Hussman Funds Market Comment company blog
Hallmark of an Economic Ponzi Scheme
The hallmark of an economic Ponzi scheme is that the operation of the economy relies on the constant creation of low-grade debt in order to finance consumption and income shortfalls among some members of the economy, using the massive surpluses earned by other members of the economy. The factors most responsible for…
- Points
- 216
- HN comments
- 114
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- 1
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On Hacker News
| Submitted | Title on HN | Points | Comments |
|---|---|---|---|
| Jun 14, 2018 | Hallmark of an Economic Ponzi Scheme by yuhong | 216 | 114 |
