Saturday, January 10, 2009

The Mother of All Ponzi Schemes

You thought it was Madoff's scheme to bilk investors of 50 billion. Ha! Small potatoes. Leave it to John Stossel to point out who is actually running the largest Ponzi scheme in history. By far!

There's one thing I can say on behalf of Madoff: He never forced anyone to participate in his scheme. That's more than I can say for the government. Through taxation and inflation, it forces us to pay for all its schemes.

No comments: