the proliferation of ponzi

Anybody else notice that since Uncle Bernie, the phrase “Ponzi scheme” has been used to describe a great many things, many of which have absolutely nothing to do with that sort of financial fraud?  It’s become a catch-all phrase for any sort of nefarious dealings, economically or otherwise. At this rate, the word will lose all meaning within the year. Shame…I rather liked it. (“Bernie” scheme doesn’t have quite the same ring to it, does it?)


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