Thoughts and observations about the world condition.
See also the annotated book list on the sidebar at the right, as well as the YouTube Lecture list
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Sunday, September 18, 2011
Recommended: A Ponzi scheme that should be fixed
Charles Krauthammer, in the Sept 15The Washington Post, has a piece:A Ponzi Scheme that should be fixed. He makes much the same points I did in my post a few days ago about Governor Perry's claim that Social Security is a Ponzi scheme -- yes, of course it is, but it can be fixed and it should be fixed. Burt he has a few interesting twists to his arguments, and I recommend it.