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Explaining Ponzi Schemes…

Red State:

The always informative Ezra Klein decided to enlighten everyone today about the supposed ridiculousness of Rick Perry’s comparison between Social Security and Ponzi Schemes.  Klein explains that there are several key differences between the two that make them unmistakably different.  The post is meant to marginalize Rick Perry as an uninformed candidate who made a horrible error by comparing Social Security and Ponzi schemes.  What Klein fails to realize is that most individuals have the comprehension to realize that the distinctions he references are essentially meaningless.

Keep reading here.

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