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Paul Samuelson
Friday, 28 August 2020 11:05

 

"Social security is squarely based on what has been called the eighth wonder of the world—compound interest. A growing nation is the greatest Ponzi game ever contrived. And that is a fact, not a paradox."

 

 

Paul Anthony Samuelson (May 15, 1915 – December 13, 2009) was an American economist. The first American to win the Nobel Memorial Prize in Economic Sciences, the Swedish Royal Academies stated, when awarding the prize in 1970, that he "has done more than any other contemporary economist to raise the level of scientific analysis in economic theory." The New York Times considered him to be the "foremost academic economist of the 20th century."

 

Brent D. Gardner, CLU, ChFC

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