Mises Daily
Author:
Sean Corrigan
Online Publish Date:
even though this caused the Treasury headaches of its own as a gulf in value was opened up between its receipts of the more heavily discounted western banknotes and is a thing unheard of; the broad way to certain and sudden wealth lies plain and open; and men are tempted to dash forward boldly, from the facility of borrowing. of private equity paying ever higher multiples and ever more enormous sums for the access to the debt-light balance sheets of outwardly average companies (the fatal