What is Ponzi scheme and pyramid scheme? What is the difference between them? How to avoid it? Learn Austrian Economics in a fun way!

00:00 Natalie’s story
01:27 The difference between Ponzi scheme and pyramid scheme
02:31 Various forms of schemes
04:06 What to watch out for
05:25 Summary

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Econ Clips is an economic blog. Our objective is teaching economics through easy to watch animated films. We talk about variety of subjects such as economy, finance, inflation, money, investing, monetary systems, financial markets, financial institutions, cental banks, wealth, financial crises and business cycles. If you want to know how the economy works and understand why it works this way - join us on econclips.com and learn Austrian Economics in a fun way!









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