Mises Daily
Author:
Frank Chodorov
Online Publish Date:
[This article is excerpted from chapter 9 of The Rise and Fall of Society .] Dionysius, the storied tyrant of Syracuse, was a consummate financier. His gift stood him in good stead on the day he found himself in bankrupt condition, having borrowed from the citizenry more than he could repay. He might have increased taxes and satisfied his