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"Whether government finances its added spending by increasing taxes, by borrowing, or by inflating the currency, the added spending will be offset by reduced private spending. Furthermore, private spending is generally more efficient than the government spending that would replace it because people act more carefully when they spend their own money than when they spend other people's money."

— Richard Wagner
richard wagner Quotes Efficient,Finance,Borrowing

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Richard Wagner
Efficient
Finance
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Currency
Government Spending

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We mythologists know very well that myths and legends contain borrowings, moral lessons, nature cycles, and a hundred other distorting influences, and we labor to cut them away and get to what might be a kernel of truth. In fact, these same techniques must be applied to the most sober histories, for no one writes the clear and apparent truth-if such a thing can even be said to exist.

— Isaac Asimov

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We're a me-me-me generation. We're borrowing the savings of every nation in the world. We're ... piling up a big tab. Now, I may think we're too big to have a run on us. You may think that. But it's possible that God does not.

— Paul Samuelson

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