Quote by James M. Buchanan on Politicians and Government Spending

„If politicians get money to spend and don't have to be responsible for taxation, then of course that will bias their attitude toward more spending as opposed to cutting back on spending.“

James M. BuchananJames M. Buchanan explains how lack of tax responsibility encourages politicians to increase spending.
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James M. Buchanan was an American economist and Nobel laureate, known for his work on public choice theory.

This statement by James M. Buchanan reflects his public choice theory and examines the impact of lack of fiscal responsibility on political spending decisions.


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James M. Buchanan quote about politicians and government spending

James M. Buchanan (1919–2013) was an American economist best known for developing public choice theory, analyzing political behavior using economic principles. He was awarded the Nobel Prize in Economic Sciences in 1986.

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