Mises Daily
Author:
Tyler A. Watts
Online Publish Date:
Johnny Carson might have quipped about the economy, “Inflation is so bad these days that pennies are now selling on the street for two cents.” This joke may not be all that funny, even with the great Carnac delivering it, but it does have the underpinnings of good comedy: an absurd story based on a kernel of truth. Old pennies are routinely