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.

— David R. Henderson The Joy of Freedom: An Economist’s Odyssey (2002)

More quotes by David R. Henderson

The Joy of Freedom: An Economist’s Odyssey (2002)

The Joy of Freedom: An Economist’s Odyssey (2002)

The Joy of Freedom: An Economist’s Odyssey (2002)

The Joy of Freedom: An Economist’s Odyssey (2002)

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