2 de enero de 2009

Se parecen...

... las pirámides financieras (como los Ponzi schemes) y muchos esquemas de seguridad social. Esta reflexión a propósito del fraude instrumentado por Bernard Madoff.


Aquí el texto:

... Americans should apply Mr. Stein's wisdom to the greatest Ponzi scheme going: Social Security. Many pols and pundits assure us that this program is a great financial deal for ordinary Americans. But in principle Social Security is identical to Mr. Madoff's fraudulent scheme: rather than generate wealth through productive investments, both schemes transfer wealth from newer 'investors' to older 'investors.' As long as a sufficient number of newer 'investors' keep coming aboard – either by being duped a la Mr. Madoff or by being coerced a la Social Security – such schemes appear brilliant. This appearance, however, is a dangerous apparition...


El autor es Don Boudreaux, jefe del Departamento de Economía de George Mason University.

Aquí la fuente.

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