Home > Predictions > There must be a way of sustaining a Ponzi scheme!

There must be a way of sustaining a Ponzi scheme!

Krugman calls for more inflation and more govt spending to satisfy demands for liquidity as the slow-moving “run” on the shadow banking system and govt debt markets continues.

Surprise, surprise.

When is this idiot going to learn there’s no way of sustaining an inherently unsustainable Ponzi scheme?

That’s why they’re called Ponzi schemes, that’s why people trying to save into a Ponzi scheme lose all their money and the unworthy make money during a Ponzi scheme and that’s why they’re illegal.

Why he thinks it’s somehow different for governments and bankers amazes me.

News to Krugman – there is no difference between Enron, Goldman Sachs, JP Morgan, Citibank, AIG, the Federal Reserve or the U.S. government.

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