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The Mathematical Equivalent of Robbing Peter to Pay Paul
flow debt is the mathematical equivalent of robbing Peter to pay Paul. There's three types of borrowers in finance: hedge borrowers, speculative borrowers and Ponzi borrowers. The people you can count on are those who just keep only paying back the interest for the most part. And what happens is that a lot of people are running a Ponzi scheme where they will consistently just keep borrowing from items constantly but have to pay it back later.