Mises Wire
Author:
Antoin E. Murphy
Online Publish Date:
While the report cited is several months old, Declan McCullagh recently wrote about how nearly all government-to-government foreign aid to Africa ends up in Swiss bank accounts. For instance, in 2004 $94 billion was desposited into the accounts, most originating from African politicos. The following year the amount increased to $150 billion. In