Oddbean new post about login | logout The US treasury publicly admits that it needs to issue more Bonds every year to pay off the old ones. How do more people not realize that this is by definition a Ponzi scheme. 🤯
It is because they don't realize that all current forms of government are ponzi schemes in some way shape or form.
Economic ignorance
I think that it's due to a refusal to learn. In short, laziness.