The Ponzi game, revisited

Scrivener finds an old quote (1967) by Nobel laureate Paul Samuelson praising the “Ponzi game” of Social Security back when there were still plenty of workers per retiree then comments: “In today's world Samuelson's description seems almost quaint.”

Extra: An indefatigable Krugman-basher, Scrivener has also collected his Social Security posts at this common link. Check it out.