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Money and Banking
Ivan Pongracic

Inflation: One Man’s Survey

Free Market

Author: Ivan Pongracic

Online Publish Date: June 1, 1997

Category: Money and Banking, Money and Banks

The Free Market 15, no. 5 (May/June 1997) My Latin professor once taught me the golden rule of Roman emperors, Vulgus vult decipi, ergo decipiatur . It means the masses want to be cheated, so let’s cheat them. Machiavelli built his theory of government partially on this credo. Our modern emperors and Machiavellis use the same wisdom today. Why

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