The nationalist not only does not disapprove of atrocities committed by his own side, but he has a remarkable capacity for not even hearing about them.
– George Orwell, “Notes on Nationalism” [1945] |
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August 21, 2023
Social Security Is Not a Ponzi Scheme
It is often said that America’s Social Security system is a Ponzi scheme. Nothing could be further from the truth. A Ponzi scheme involves investors, who are induced to invest in a particular product on the promise of a large return on their investment, say, 25% after one year. At the end of the year, when that 25% return is due to be … |
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