
Ponzi schemes
Pyramid investment schemes, which pay early investors with funds contributed by later ones, have shown their limitations. They can be modeled. Curiously, however, some government practices are not so very different from these models…


Pyramid investment schemes, which pay early investors with funds contributed by later ones, have shown their limitations. They can be modeled. Curiously, however, some government practices are not so very different from these models…


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