There is no such thing as an unbalanced federal budget. You are paying for it. If you're not paying for it in the form of explicit taxes, you're paying for it indirectly in the form of inflation or in the form of borrowing.
Our take on this quote:
💡📉 The Hidden Cost of Debt 📉💡
The government’s spending tab always comes due - one way or another. 🧠💸
Milton Friedman’s quote reveals the inescapable truth about federal spending: there’s no such thing as a free or unbalanced budget. Whether through direct taxation, inflation, or increased borrowing (and thus future debt), citizens ultimately bear the cost of government overspending. Friedman's insight reminds us that even when a deficit isn't immediately covered by taxes, it will be paid for through less obvious but equally impactful means, like rising prices or accumulating national debt. This quote encourages fiscal awareness and understanding that financial responsibility today prevents greater economic strain tomorrow.
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