For a Kinder, Gentler Society
Tuesday,
We are all in a great big fat Ponzi scheme together
Millions of ordinary people borrow from one provider of credit solely for the purpose of repaying another without the remotest expectation of being able to repay their latest loan until they have obtained the next.
The Financial Times

Millions of ordinary people borrow from one provider of credit solely for the purpose of repaying another without the remotest expectation of being able to repay their latest loan until they have obtained the next.

We are all in a great big fat Ponzi scheme together