Caseynomics

From CaseyPedia

Caseynomics is a system in which entrepreneurially challenged individuals convince themselves that taking on enormous debt, with no plan to pay it back, will result in instant wealth. This system was named after failed entrepreneur, Casey Serin.

[edit] Examples of Caseynomics

• Borrowing large sums of money in a short period of time and not having any plan to pay it back.
• Borrowing more money to keep up the illusion of paying previously borrowed debts.
• Borrowing more money from friends and family to make more sweet deals and ignoring previous debts that are now in deep default.
• Taking out predatory loans with high interest rates in order to pay back the loans from family and friends.
• Holding court with your critics and begging them for money in order to service the predatory loans that are now in default
• Leaving your wife at home so someone can pay back every dirty penny.
• Borrowing from your company is an acceptable way to pay for personal expenses.
• Corporations don't need to have any other reason for existing other than for lending you money. There's no need for value added processes.

Another term for this is "Robbing Peter To Pay Paul."