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A policy of deficit spending saps the very foundation of all interpersonal relations and contracts. It frustrates all kinds of savings, social security benefits and pensions.Planning for Freedomp. 89Deficits
Can anyone doubt that the warring people of Europe would have tired of the conflict much sooner, if their governments had clearly, candidly, and promptly, presented them with the bill for military expenses?On the Manipulation of Money and Creditp. 38Deficits
If one regards inflation as an evil, then one has to stop inflating. One has to balance the budget of the government.Economic Policypp. 72-73Deficits
If the practice persists of covering government deficits with the issue of notes, then the day will come without fail, sooner or later, when the monetary systems of those nations pursuing this course will break down completely. The purchasing power of the monetary unit will decline more and more, until finally it disappears completely.On the Manipulation of Money and Creditp. 5Deficits
In public administration there is no connection between revenue and expenditure.Bureaucracyp. 47Deficits
It is always an inflationist policy, not economic conditions, which bring about the monetary depreciation. The evil is philosophical in character.On the Manipulation of Money and Creditp. 48Deficits
The two pillars of democratic government are the primacy of the law and the budget.Bureaucracyp. 41Deficits
What the doctrine of balancing budgets over a period of many years really means is this: As long as our own party is in office, we will enhance our popularity by reckless spending.Planning for Freedomp. 87Deficits
What the government spends more, the public spends less. Public works are not accomplished by the miraculous power of a magic wand. They are paid for by funds taken away from the citizens.Human Actionp. 655; p. 659Deficits
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