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 WagnerI have long been convinced that my artistic ideal stands or falls with Germany. Only the Germany that we love and desire can help us achieve that ideal.
Richard Wagner