Mises Daily
Author:
Garet Garrett
Online Publish Date:
[Originally published in American Affairs , April 1948.] “Public money is like holy water. Every man helps himself.” ~ Italian proverb As the hungry dollar devours its own purchasing power we may think we are going to find out what happened to the fabulous snake that swallowed itself. But we won’t; and if we did, it would add perhaps nothing to