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 WagnerThe oldest, truest, most beautiful organ of music, the origin to which alone our music owes its being, is the human voice.
Richard WagnerThat even in its sharpest pangs of pain a dog can still caress its master we have learnt from the studies of vivisectors.
Richard WagnerWhether 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