I’m a big fan of The Cato Institute. They tackle a lot of stories and often take complex government-sized math and break it down into something easy for Joe Blow and I to understand.
While this particular issue isn’t all about hard-to-understand numbers (at least the “is it a Ponzi scheme?” angle of it…SS itself is obviously enormous), it’s still government and it’s still numbers. I was going to write on this myself, but after starting my research and looking back on this article I realized I probably couldn’t have written anything better than Michael Tanner did in the article linked below.
Yes, It Is a Ponzi Scheme | Michael D. Tanner | Cato Institute: Commentary
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