In the long run, inflation comes to an end with the breakdown of the currency.
- Ludwig von Mises - Topics: Monetary Policy, Inflation, Government, Debt, Central Bank.
Government spending cannot create additional jobs. If the government provides the funds required by taxing the citizens or by borrowing from the public, it abolishes on the one hand as many jobs as it creates on the other. If government spending is financed by borrowing from the commercial banks, it means credit expansion and inflation.
- Ludwig von Mises - Topics: Tax, Monetary Policy, Government, Debt.
If you would like to know the value of money, go and try to borrow some.
- Benjamin Franklin - Topics: Debt, Money.
There is no means of avoiding the final collapse of a boom brought about by credit expansion. The alternative is only whether the crisis should come sooner as the result of voluntary abandonment of further credit expansion, or later as a final and total catastrophe of the currency system involved.
- Ludwig von Mises - Topics: Monetary Policy, Debt.
You have to keep government spending as a fraction of our income. If you do that, you can stop worrying about the debt.
- Milton Friedman - Topics: Tax, Government, Debt.
When confidence goes, the end is very near. It always comes faster than anyone expects and it always seems to be unexpected.
- John Mauldin - Topics: Fiat Currency, Default, Debt.
Hope is not a strategy.
- John Mauldin - Topics: Monetary Policy, Debt.
I could end the deficit in 5 minutes. You just pass a law that says that anytime there is a deficit of more than 3% of GDP all sitting members of congress are ineligible for reelection.
- Warren Buffett - Topics: Politics, Government, Debt.
Europe is just like the sinking Titanic: not even first class passengers can save themselves.
- Giulio Tremonti - Topics: Debt.
The progress of the enormous debts which at present oppress, and will in the long-run probably ruin, all the great nations of Europe, has been pretty uniform. (written in 1776)
- Adam Smith - Topics: Government, Default, Debt.
The old saying holds. Owe your banker $1,000 and you are at his mercy; owe him $1 million and the position is reversed.
- John Maynard Keynes - Topics: Debt, Banking System.
I put it to you: if you rob people of their ability to determine their own future, they will turn to violence.
- Nigel Farage - Topics: Government, Debt.
The long run is a misleading guide to current affairs. In the long run we are all dead.
- John Maynard Keynes - Topics: Default, Debt, Government.
You can't borrow your way out of a debt crisis, whether you are a family or a nation.
- John Mauldin - Topics: Debt.
An essential point in the social philosophy of interventionism is the existence of an inexhaustible fund which can be squeezed forever. The whole doctrine of interventionism collapses when this fountain is drained off. The Santa Claus principle liquidates itself.
- Ludwig von Mises - Topics: Tax, Socialism, Government, Debt.
Keep your eye on how much the government is spending, because that is the true tax.
If something cannot go on forever, it will stop.
- Herbert Stein - Topics: Debt, Monetary Policy, Stock Market.
The balance sheet of the euro system, isn't only gigantic in size but also shocking in quality.
- Alexander Elder - Topics: Fiat Currency, Debt, Central Bank.
The sad fact is we have no easy way out of the debt situation.
- John Mauldin - Topics: Government, Default, Debt.
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.
- Milton Friedman - Topics: Inflation, Government, Debt, Tax.
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