Looking Up – What Can You Say?
You've heard the joke, right? That Bernie Madoff has the perfect last name for somebody running the biggest Ponzi scheme in history—“made-off,” as in Bernie made off with everybody's money. It's a sick pun about his terrible crime, but at least we know how to name what he did. For the problems in the economy at large, though, we haven't yet figured out what to name it.
Of course, it feels a lot like a Ponzi scheme. In this past Sunday's New York Times Magazine,financial journalist and professional investor Roger Lowenstein...