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Quote by Mitchell Zuckoff

“I know that plenty of folks have issues with Social Security, but I'd urge them to confront it on its own terms. Calling it a Ponzi scheme is misleading and does more to cloud the issue than it does to illuminate it. And yes, I do know that unless changes are made, the current system is unsustainable. But that doesn't mean it's fraud.”

Quote by Mitchell Zuckoff

Author

Mitchell Zuckoff

Limited information is available about Mitchell Zuckoff, who is known to be a professor. Specific details about his life and achievements are not recorded. more

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“I was researching a different World War II story when I came across an article in the 'Chicago Tribune' from June 1945 that knocked me for a loop. The article explained that a military plane had crashed in an impossibly remote valley of New Guinea that had been nicknamed Shangri-La.”

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Author:Mitchell Zuckoff

“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.”

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“Nathaniel Philbrick's 'In the Heart of the Sea' has rightfully taken its place as a classic for its literary merits. It has a special place in the cannibalism canon as well.”

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“We've suffered a "Ponzification" of the economy in recent years, as bubbles have built up and then burst, and each time we act as though it's the first time.”

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“When running a Ponzi scheme, how does one avoid enormous, unexpected withdrawals - runs on the bank, so to speak - that would pull back the curtain and reveal a little man blowing smoke? One way would be to attract a core of investors who could be counted on to never withdraw more than a small percentage of principal each year.”

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“So Columbus said, somebody show me the sunset and somebody did and he set sail for it, And he discovered America and they put him in jail for it, And the fetters gave him welts, And they named America after somebody else.”

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“At another year I would not boggle Except that when I jog I joggle.”

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“Some tortures are physical And some are mental, But the one that is both Is dental.”

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“All paid jobs absorb and degrade the mind.”

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“Sleep is perverse as human nature, Sleep is perverse as legislature.... So people who go to bed to sleep Must count French premiers or sheep, And people who ought to arise from bed Yawn and go back to sleep instead.”

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