Cartoon of the Day: Social Security and the Ponzi Scheme

Cartoon by Mike Lester

An apropos quote, which explains the cartoon above comes from Econolog’s Professor David Henderson

There are two main differences between Ponzi's original scam and the Social Security system. The first difference is that Social Security is run by government and, whatever its constitutionality and its questionable ethics, is legal. The second difference follows from the first: Whereas Ponzi had to rely on suckers, the government can and does use force.