WEDNESDAY, AUGUST 23, 2023
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I call that mind free which protects itself against the usurpations of society, which does not cower to human opinions, which feels itself accountable to a higher tribunal than man’s.
– William Ellery Channing |
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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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