Speaking of Frauds… December 19, 2008
Posted by Resident Egoist in : Economics , trackbackThe majority of commentators on the news lately seem to disapprove of the Bernard Madoff “ponzi scheme” that just transpired – no thanks to the SEC. So while we all have our minds presently focused on frauds, I’d like to bring to everyone’s attention who doesn’t already notice, that Social Security and fractional-reserve banking are two giant ponzi schemes, which have ben sustained so long only because of the existence of an even bigger fraud: the paper money printing press that so many consider to be wealth. And my work here is done.
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