"The Nobel Prize Committee have unanimously decided that Charles Ponzi will postumously receive the Nobel Prize for Economics in 2012.
Gustav Gustavesson, the chairman of the committee justified the decision. ” No single person has had a greater influence on modern economics than Charles Ponzi and now that the entire global capitalist system is modeled on his thinking, it seems only right that we should recognise his achievements.”
Born in Italy in 1882, Carlo Pietro Giovanni Guglielmo Tebaldo Ponzi, developed his economic model in the USA during the 1920s. He died in 1949 and so won’t be able to receive his prize personally.
However, his great grand daughter Jessica Ponzi will collect the medal on his behalf. “My great grandfather would be delighted to see that his economic model now formed the basis of the global capitalist system.” she exclusively told me. 'And I will be delighted to collect the award on his behalf.'"
He deserves the award, if for no other reason than having four middle names. I understand that the economic strategy now being considered in Washington involves the US hosting a "bond party" where we invite 8 to 10 countries to a wine and cheese party, at which we sell them treasury bonds. In turn, each of these countries is encouraged to host their own parties, at which they each invite several other countries, etc. It can't fail. Everybody wins.