A Quote by Mitchell Zuckoff

No Ponzi schemer tells anyone exactly how it works. The purpose of a Ponzi scheme is to trick people, to take the money and run.

Mitchell Zuckoff

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Anyone Exactly How Money People Ponzi Scheme Purpose Run Scheme Take Tells Trick Works

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Mitchell Zuckoff
American - Educator

In a Ponzi scheme, a promoter pays back his initial investors with money he has raised from new investors. Eventually, the promoter can no longer find enough new investors to pay off the people who have already put up money, and the scheme collapses.

Alex Berenson

People say it's a Ponzi scheme, it's a bubble. People really don't want to take it seriously. At some point, that narrative will shift to 'virtual currencies are here to stay.'

Cameron Winklevoss

The whole government is a Ponzi scheme.

Bernard Madoff

There is no quick way of making money. People come to you with tips for the races or offer the latest Ponzi scheme, but I can see them coming a mile off. I just go with the adage that if it sounds too good to be true it probably is.

Wilbur Smith

Madoff Securities is the world's largest Ponzi scheme.

Harry Markopolos

The welfare state may be well-intentioned, but it is a Ponzi scheme

Dennis Prager

Washington treats Social Security like a Ponzi scheme.

Ron Johnson

My favorite pre-Ponzi schemer was known as '520 Percent Miller' because he promised 10 percent returns a week, or 520 percent a year. Of course he was just using new investors' money to pay old investors, and soon he was on the lam.

Mitchell Zuckoff

Social security isn’t a ponzi scheme. It’s not bankrupting us. It’s not an outrage. It is working.

Rachel Maddow

The financial system as a whole has had the characteristics of a Ponzi scheme if we look at it fundamentally.

Tim Lee

A typical Ponzi scheme involves taking money from investors, then paying them off with money taken from new investors, rather than paying them from actual earnings.

Amy Goodman

Capitalism is not a Ponzi scheme. Capitalism is a scheme of free markets.

John C. Bogle

The federal government has made explicit and implicit promises to millions of people, but has put no money aside in order to keep those promises. Some of you may wonder where Bernie Madoff got the idea for his Ponzi scheme. Clearly he was studying federal entitlement policy.

John C. Goodman

Our oceans have been the victims of a giant Ponzi scheme, waged with Bernie Madoff-like callousness by the world's fisheries.

Daniel Pauly

The economy is a ponzi scheme. People are working harder than they ever have for less wages, but we have so many bobbles because manufacturing has come up so quickly over the past hundred years that people have the illusion of wealth.

Alex Jones

The only reason there is a crisis about Social Security in the US and pensions in Europe and Japan is that you cannot maintain a "Ponzi" scheme indefinitely. We have collected from today's young to pay today's old and counted on tomorrow's young to keep doing so. That was a fine scheme as long as the number of young people was rising faster than old people. When that ratio comes to an end, such a system also has to end.

Milton Friedman

A Quote by Mitchell Zuckoff

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