Mises Daily
Author:
Dan Sanchez
Online Publish Date:
[ Editor’s Note: This article is adapted from a talk delivered at the Mises Institute’s seminar “ Inflation: Causes, Consequences, and Cure .” ] In the denouement of the film There Will Be Blood , the antihero Daniel Planview dramatically reveals to his nemesis that he has secretly siphoned away all of the latter’s underground oil. “Drainage!” he