Mises Daily
Author:
John L. Chapman
Online Publish Date:
“In public administration, there is no connection between revenue and expenditure there is no market price for achievements.” – Ludwig von Mises Fifty years ago, Detroit was the fourth largest city in the United States, with a population of 1.7 million people, and at $8,500 per year, one of the richest cities in terms of per capita income. It