Social Security, Ponzi Schemes, and Leprechaun Economics

I do not know why people go to the great trouble to produce such detailed, comprehensive, utterly utopian manifestos. There is not a snowball’s chance in Death Valley that anything like a comprehensive restructuring of the West’s economy, all based on the willingness to accept tremendous economic pain now, for the sake of deliverance from the Ponzi schemes of the modern world. There are no positive institutional sanctions suggested for making this monumental and unprecedented change in behavior, other than the possibility that everyone can avoid long-term catastrophe if everyone participates in the present pain. The answer to this from all of the participants is clear: “You go first.”

via Social Security, Ponzi Schemes, and Leprechaun Economics.

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