The Saylor Economy

MSTR and the U.S. are one and the same

I put together this potent little graphic a few days ago.

People are describing what's going on with MicroStrategy as a "Ponzi Scheme". I don't think that's quite it. First, it isn't a deliberately criminal enterprise, and second, they aren't taking in cash from new investors and giving them to prior investors.

It is more of a cynical "virtuous cycle" hap…