Bizblogger

Site for Free Markets and Free People

Monday, December 15, 2008

Madoff Ponzi Scheme 2nd Worst Ever

Despite this news headline, the $50Billion Ponzi scheme masterminded by Bernard Madoff is NOT the worst ever. That distinction belongs to the Social Security trustees. The only difference is that the trustees haven't yet told us how much money we will all lose in the instance of Social Security.