Elon recently re-opened the perennial debate about whether Social Security is a ponzi scheme. Here’s my, lightly edited post from 2011. Elon is in good company calling social security a ponzi scheme. First up is Nobel prize winner Paul Samuelson who wrote: The beauty of social insurance is that it is actuarially unsound. Everyone who reaches […]
Is Social Security a Ponzi Scheme?
Is Social Security a Ponzi Scheme?
13 Mar 2025 Leave a comment
by Jim Rose in applied price theory, economic growth, financial economics, income redistribution, labour economics, labour supply, macroeconomics, politics - USA, Public Choice, public economics Tags: social insurance
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