Quote
"One thing we know from centuries of history is that if the government has revenue to spend, it will spend it."
D
David R. HendersonThere are two main differences between Ponzi’s original scam and the S — David R. Henderson
"There are two main differences between Ponzi’s original scam and the Social Security system. The first difference is that Social Security is run by the government and, whatever its constitutionality and its questionable ethics, is legal. The second difference follows from the first: Whereas Ponzi had to rely on suckers, the government can and does use force."
D
David R. Henderson
David R. Henderson
author2 quotes
David Richard Henderson is a Canadian-born American economist and author who moved to the United States in 1972 and became a U.S. citizen in 1986, serving on President Ronald Reagan's Council of Economic Advisers from 1982 to 1984. A research fellow at Stanford University's Hoover Institution since 1990, he took a teaching position with the Naval Postgraduate School in Monterey, California in 1984