Mises Daily
Author:
George Reisman
Online Publish Date:
News reports now indicate that WorldCom’s overstatement of its profits in the last few years may exceed the $3.8 billion initially reported, perhaps by as much as an additional $3.3 billion, maybe even more. But whatever the ultimate figure may be—$7.1 billion or even $10 billion—it pales into insignificance in comparison with the overstatement of