We've suffered a Ponzification of the economy in recent years, as bubbles have built up and then burst, and each time we act as though it's the first time.

I was researching a different World War II story when I came across an article in the 'Chicago Tribune' from June 1945 that knocked me for a loop. The article explained that a military plane had crashed in an impossibly remote valley of New Guinea that had been nicknamed Shangri-La.

My favorite pre-Ponzi schemer was known as '520 Percent Miller' because he promised 10 percent returns a week, or 520 percent a year. Of course he was just using new investors' money to pay old investors, and soon he was on the lam.

Bob Altman got nothing from the TV series 'M*A*S*H,' and the royalties for the theme song went to his oldest son, Michael, who wrote it as a 15-year-old poet!

Every swindle is driven by a desire for easy money it's the one thing the swindler and the swindled have in common.

For starters, let's dispense with the cheap jokes about cannibalism. That means cracks about giving an arm and a leg - sorry - for a good book on the subject, or similar tasteless - sorry, again - attempts to make the subject more palatable - last one.

Fear is something i don't you experience unless you have a choice. If you have a choice, you're liable to be afraid. But without a choice, what is there to be afraid of? You just go along and do what has to be done.

No Ponzi schemer tells anyone exactly how it works. The purpose of a Ponzi scheme is to trick people, to take the money and run.