Some more thoughts lifted from my ongoing work on my next book. ----------------------- The term “pyramid scheme” is sometimes used loosely as a synonym for “Ponzi scheme,” and their meanings are related, but they are in principle distinct. A pyramid scheme is a business model in which payments are promised to one level of participants for the act in bringing in another level of participants. You, dear reader, have no doubt received the simplest form of a pyramid pitch as chain letters or their e-mailed equivalents. “Send me a dollar. Also, send out six copies of this email to friends of yours, You will get $6 as a return on your $1 investment.” Each of those six people will soon be in the same situation if you comply. It isn’t exactly a Ponzi scheme, although it shares the unsustainability thereof. What’s the difference exactly? In a pyramid scheme, the originator can make a clean get-away. Once you’ve found your own six suckers, you’ve made your profit and the ...