In a Ponzi scheme, early investors are handsomely rewarded at the expense of latecomers until the supply of participants is exhausted. Such practices, illegal as practiced by Bernard Madoff, are functionally equivalent to what happens during an asset-price bubble.
可谓条条大路通占款和等价占款。在庞氏骗局中，早期投资者盈利颇丰，他们的利润来自后来者的投入，直到参与者链断裂。这类行为是非法的，比如伯纳德·麦道夫（Bernard Madoff）骗局，在功能上，它们与资产泡沫时期发生的事情是等价的。