A Schumpeterian Analysis of the Eurobond Scandal through Rothbard’s Cui Bono
· mises.org
Murray Rothbard famously asked Cui bono? to help unearth government scandals. Kenya’s politicians certainly benefitted from the Eurobond affair.
Joseph Schumpeter, in Capitalism, Socialism and Democracy (1942), offered a starkly realistic definition of democracy: it is not the rule of the people by the p...