Monthly Archives: December 2008

Wealth Creation, or a Ponzi Scheme?

December 23, 2008

GlobalResearch Last week the Good Lord evidently realized that not enough people had been reading Hyman Minsky’s explanation of how financial cycles end in Ponzi schemes – the stage in which banks keep the boom going by lending their customers the money to pay interest and thus avoid default. So He sent Bernie Madoff...

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