by Runaway Slave | Feb 8, 2005 | Debt, Economics, Libertarian Curmudgeon, Politics, Ponzi, Social Security
President Bush in his recent State of the Union address called the U.S. Social Security System “…a great moral success of the 20th Century.” Mr. Bush is the leader of an immeasurably powerful government. The president’s assessment of Social Security’s moral...
by Runaway Slave | Jan 12, 2005 | Essays & Articles, History, Libertarian Curmudgeon, Politics, Ponzi, Social Security
The pyramid scheme is the most enduring of thousands of tricks, buncos, fiddles and stings that con artists throughout history have used to relieve suckers of their cash. The two undisputed masters of the pyramid scheme are Charles Ponzi and Franklin D. Roosevelt. For...
by Runaway Slave | May 5, 2004 | Debt, Essays & Articles, Fraud, Libertarian Curmudgeon, Politics, Ponzi, Social Security
Charles Ponzi was a charming, dapper Italian immigrant who became the world’s most famous investment swindler. At his peak in the summer of 1920, when you could buy a house by mail from Sears for $495 and hire skilled labor to assemble it for $1 and hour, Ponzi pulled...
