Footnotes to Plato from the foothills of the Superstition Mountains

‘Madoff’ as Quasi-Aptronym

Unless you live in a cave you will by now have heard of Bernard Madoff and his Ponzi-scheme.  Interesting name he bears, quasi-aptronymic: he made off with his investors' money. The wealthy fools who lost everything have in part themselves to blame: they allowed their good sense to be suborned by greed and ill-placed trust.  Diversification is such a simple concept.  But it is not a matter of the intellectual grasp of a simple concept.  It is a moral matter. Appetites unruled will suborn the sharpest head.  Our financial and political and social decline is rooted in moral decline.


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