History

#1224 What is a Ponzi scheme?

What is a Ponzi scheme? It is a type of fraud where you use money invested by new people to pay profits to the people who are already invested. It was named after Charles Ponzi who certainly didn’t invent the scheme but who made it famous. (Incidentally, Ponzi scheme, scam, and con are all relatively

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#1201 What are war bonds?

What are war bonds? War bonds are a way of raising money to fight a war from the citizens of that country, and a way of keeping inflation under control. The first public war bonds were issued during World War 1. Without them, both of the wars might have been lost. Despite the technological advances

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