Ep55 - Robert Greene: "The Laws of Human Nature"
Talks at Google
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What Is a Ponzi Scheme?
The idea was that if they turned a nice profit, they would be able to pay down the English enormous debts. So it seemed like a win-win. How could this lose? And so they initiated this in about May of 1719 and it took off. People didn't really understand it but they thought it was an amazing idea.
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