In the past several months as the debate over Social Security reform has taken center stage in the theater of the absurd that is modern American politics, the idea has been floated that the entire pay-as-you-go structure of this system closely resembles a Ponzi scheme, albeit one that is about to collapse. In reality, few people likely have any idea what a Ponzi scheme is, nor how closely America’s largest retirement system follows its tenets. As such, according to the Securities and Exchange Commission:http://www.sec.gov/answers/ponzi.htm “Ponzi schemes are a type of illegal pyramid scheme named for Charles Ponzi, who duped thousands...