You have to keep government spending as a fraction of our income. If you do that, you can stop worrying about the debt.
Our take on this quote:
💡💼 Keep It in Check 💼💡
Control the spending, and the debt won’t spiral - fiscal discipline is the key to economic stability. 🧠📊
Milton Friedman's quote stresses the importance of managing government spending in relation to national income. He argues that if the government maintains its expenditures as a reasonable fraction of the country's total income, concerns about debt will diminish. Essentially, by practicing fiscal discipline and keeping spending in check, the government can ensure economic stability and prevent debt from becoming a critical issue. Friedman's insight highlights that sound financial management at the government level is crucial for long-term economic health.
Instagram: quotesonfinance
Facebook: quotesonfinance
X: QuotesOnFinance