Was Ponzi wrong?
Or just too outrageous?

After all, our "economic system" is just a low-level Ponzi scheme. Back when money was money, meaning before 1913, we did not have inflation. Since then, yikes. Google "inflation calculator" and you'll have a lot of tools at your disposal to see how much damage has been done.

The first thing you do to save an injured body, whether human or politic, is stop the bleeding, right? Go back to some kind of stable basis. I read a sci-fi story once where the basic unit was the hour of labor. Great idea. Your hour is the same as my hour. Of course, just like in Animal Farm, some were more equal than others — in this utopia the undesirable jobs were paid double or more. Not like here, huh?