[praxulus]

> This is, of course, the very definition of a Ponzi scheme.

Most Ponzi schemes don't have the authority to levy taxes on the largest economy the in world, nor are they backed by the most powerful military force humanity has ever seen.

[newsclues]

Does that mean modern monetary policy is not a Ponzi scheme because it has a nuclear military?

[kiba]

No society can outrun living beyond their means, no matter how deep their reserves are.

[JumpCrisscross]

> No society can outrun living beyond their means, no matter how deep their reserves are

Which is why we have inflation. No reserves needed. The price levels incorporate the distance between the means and the living.