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by ivalm 1662 days ago
Ok, but Zimbabwean dollar is not a Ponzi scheme either… the claim is about Ponzi scheme, not other things.
1 comments

It's the best example of a fiat Ponzi scheme. Keep printing money to keep the guys near the printer (at the top of the pyramid) flush.

USD and other fiats are doing the same. Just at a much slower rate.

Edit:

It's basically just the Cantillion Effect[1] by another name.

[1] https://www.adamsmith.org/blog/the-cantillion-effect