The PowerBlog is managed by the Acton Institute, a non-profit think tank dedicated to promoting a free and virtuous society characterized by individual liberty and sustained by religious principles. Its authors are a diverse group of scholars, writers, clergy, and businesspeople who discuss a wide variety of topics connected to the relationship between religion and economics. Click here to learn more about the Acton Institute...

Ponnuru on Ponzi and Pyramids

Jordan J. Ballor


Posted by Jordan J. Ballor
on Tuesday, December 23, 2008

Ramesh Ponnuru says Social Security is worse than a Ponzi scheme.

He’s right. It’s more like an inter-generational pyramid scheme, a pyramid tipped on its side…


To be sustainable, over time (T) it has to take more from more people (thus a three-dimensional pyramid rather than a two-dimensional triangle. It’s really exponential rather than multiplicative).

Social Security. In case you forgot, it still needs fixing. This Christmas, think about the rather unpleasant gift we’ll be leaving the generations that follow in the form of unsustainable and unfunded “entitlements.”

1

comments
share yours

Responses:

  • Of course abortion is not the only issue, and of course none of the other issues rise to the level of abortion. But the fundamental issue remains what to do about it. The legal agenda to restrict it is weak, and a legal agenda to ciminalize it would almost certainly increase the level of injustice since it would not stop abortion, only drive it underground. So why not start a drive for capital campaigns to create shelters and pregnancy help centers everywhere? If the issues are that people choose abortion because they know or see no alternative, then we should be focusing on creating as many highly visible alternatives as possible.

    John Campbell
    December 28, 2008
    6:50 pm

Want to keep up with this conversation? Subscribe to the comments via RSS.

Leave a comment

How do I get a picture to show up next to my name? Those pictures are called avatars, and are supplied by the Globally Recognized Avatar system. To customize your avatar, visit http://en.gravatar.com/