Message-ID: <s2db6ccd.087@crs.loc.gov> Date: Tue, 14 Jan 1997 11:19:02 -0500 From: Jonathan Sanford <mailto:JSANFORD@CRS.LOC.GOV> Subject: Re: Developing Countries' Options -Reply -Reply To: Multiple recipients of list DEVEL-L <mailto:DEVEL-L@AMERICAN.EDU>
Dear Kerry,You said "Ponzi was a capitalist, I believe." Actually, he was a criminal. The Ponzi scheme is a classic confidence man operation. No actual investments occur. Hence, by definition, Ponzi is not a capitalist. Capitalists are not by definition criminals, whatever you might believe. Your slip is showing.
Jon Sanford