Steve Lamb wrote:Wulfy wrote:Erm. What does "ponzi" mean? I can't find it in any of my dictionaries, so I assume it's American Slang...http://en.wikipedia.org/wiki/Ponzi_schemeThanks, Steve.
Indeed, thanks Steve. Perhaps, Steve, you should have read this section: http://en.wikipedia.org/wiki/Ponzi_scheme#Are_national_retirement_programs_Ponzi_schemes.3FThat section explains why national retirement schemes are *not* ponzi schemes.