Day 2--Economic Guidepost: Currency ... Funny Numbers ... Inflation ...
International Funny Numbers ... 529s Ponzi Scheme
Funny Numbers on Funny Paper:
Inflation: The cheapening of time
529s: A Ponzi Scheme Feeding the Tuition
Of 529 dynamics, if one does a cradle-to-grave analysis of who gets the most
benefit and who pays the most, one sees that 529s fit the prior general summary
of a Ponzi scheme. Furthermore, 529s are instance of the dog chasing his
tail as various schemes to help citizens afford college further fuels the
fires of inflation driving up the cost of higher education. Like 401ks, 529s
are political Saltwater Solutions, that is, the immediate response is one
of relief. However as the years go by the initial thirst quencher is like
drinking saltwater, the thirst roars back worse than ever.
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