Bonus: The fraudster's guide to magic money with Tim Harford
What makes Ponzi schemes so appealing for the wrong reasons?
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Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.
The FT’s Rob Armstrong sits down with Tim Harford, host of the podcast Cautionary Tales, to discuss Ponzi schemes, how they spiral out of control and what differentiates them from bubbles — and from Amazon. Plus, we go long pyramid schemes and short, as usual, crypto.
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Check out Tim’s podcast, Cautionary Tales, and the full story on Sam Israel’s Ponzi scheme here.
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