United Liberty
Ben Stein
Social Security, Bernard Madoff and Charles Ponzi
Fri, 01/02/2009 - 12:12pm | posted by Jason Pye
In a letter to The New York Times, Don Boudreaux compares the Ponzi scheme of Bernard Madoff to Social Security:
Like many people, Ben Stein was assured that Bernard Madoff “never lost money” (“They Told Me That Madoff Never Lost Money,” Dec. 28). Unlike many people, Ben Stein wisely understood this assurance to be nonsense. Americans should apply Mr. Stein’s wisdom to the greatest Ponzi scheme going: Social Security. Many pols and pundits assure us that this program is a great financial deal for ordinary Americans.
