Mises Daily
Author:
Llewellyn H. Rockwell Jr.
Online Publish Date:
The mystery of Bernard Madoff will be storied a hundred years from now. As history’s biggest financial criminal, he took a cheap ripoff that you can use at home—the Ponzi scheme—and turned it into a global empire worth some $50 billion. One ingredient was financial intelligence. Madoff had buckets of it. Early in his career, he was the real deal,