Is the modern macroeconomic market system a Ponzi scheme?

Economics Dec 15, 2020

Expert Solution

Yes, the current modern macroeconomic market is a debt-fuelled Ponzi scheme. The current economic operations are based on the practice of financing the consumption and any shortfall of income through the creation of low-grade debt. The increasing rate of the population made it difficult to achieve sustainability. Increasing macroeconomic growth is not leading to an increase in the standard of living of the people.

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