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To be sure, Bernie Madoff may yet be proved right, and his will not turn out to be the biggest Ponzi scheme ever.
But, in addition to being fair, this scheme also has practical benefits.
While the regulatory mechanisms of both Kyoto and the European Trading Scheme have contributed to the establishment of an emerging market for carbon trading, interested parties are now concerned about the immediate future.
On the contrary, they are now the government's partners in a joint venture to manage this dishonest scheme.
The first explicit scheme was introduced in America after the Great Depression and initially seemed an unmitigated success.
But the scheme was criticized for allowing employers to pay below-subsistence wages, because the taxpayer would make up the difference.
Both free-market and socialist thinkers have long advocated implementing a basic-income scheme.
As to Fiat, Berlusconi's government failed to put forward a Thatcherite scheme aimed at bringing in foreign capital to salvage both it and other declining industrial enterprises.
In fact, putting up a wind turbine cuts no extra CO2, because total emissions are already capped under the EU-wide carbon-trading scheme.
In other words, a global cash-transfer scheme could be very effective, and would be feasible if donor countries pooled their aid budgets.
The Great Leap Forward had aspects of a Ponzi scheme, an investment fraud which attempts to draw in successive rounds of investors through word-of-mouth tales of outsize returns.
He appears to have been worried, like the manager of a Ponzi scheme, that any hint of doubt could cause the whole movement to crash.
This scheme wouldn't solve all of Asia's problems.
Of course, the language that he used to sell his scheme to the Chinese was very different from the words his father used to present his plans to Hitler.
Nor did the Hamiltonian scheme of federal finance guarantee a peaceful commonwealth.
Calling this a Ponzi scheme might be too harsh.
At the beginning of this year, Europe introduced a new Greenhouse Gas Emissions Trading Scheme that uses market-based incentives to control carbon emissions.
Yeltsin once spoke about his scheme to link two centrists.
To make the scheme counter-cyclical, the SDR issues could be callable in tranches when the global economy overheats.
We are running a large-scale, nontransparent, and dangerous government subsidy scheme for the benefit primarily of a very few, extremely wealthy people.
Calling this a Ponzi scheme might be too harsh. But few financial professionals have been fooled.
This differs fundamentally from Singapore's scheme, since employers are not required to do so, and, while enrolled employees' paychecks are deducted without their consent, they can drop out of the plan at their own request.