Further thoughts on whether or not Social Security is a Ponzi scheme

posted by
September 13, 2011
Cafe Hayek
by Don Boudreaux  
Posted in Commentary

"[T]o call Social Security a Ponzi scheme is, of course, to draw an analogy between Social Security and private schemes of the sort that Charles Ponzi made (in)famous. Like all analogies, it’s not perfect What matters is the essence of the ‘thing’ (in this case, Social Security) that we’re trying to emphasize as being especially noteworthy and relevant." (09/12/11)

http://bit.ly/n73Yd6  

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