Quote by Lew Rockwell on Government Spending and Economics

„Never forget that no government has wealth of its own to spend. The money has to come from taxation, monetary inflation, or debt expansion that must be paid later. And government's spending choices will always be uneconomic relative to how society would use that wealth. That is to say, the money will be wasted.“

Llewellyn H. Rockwell Jr.Lew Rockwell explains the economic drawbacks of government spending through taxes and debt.
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Llewellyn H. Rockwell Jr. is an American economist and libertarian author known for his work on the Austrian School of Economics and libertarian philosophy.

This statement criticizes government spending and emphasizes the economic drawbacks of taxation and debt financing.


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Lew Rockwell quote about government spending, taxation, monetary inflation, and economic waste

Llewellyn H. Rockwell Jr. (born 1944) is a prominent figure of the Austrian School of Economics and a leading libertarian thinker in the United States. He is founder and chairman of the Ludwig von Mises Institute and an influential author advocating for free markets and minimal state intervention.

Quote by Ronald Reagan about government debt, inflation, and taxesCopyright © yoice.net – Quote Artwork
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"When a business or an individual spends more than it makes, it goes bankrupt. When government does it, it sends you the bill. And when government does it for 40 years, the bill comes in two ways: higher taxes and inflation. Make no mistake about it, inflation is a tax and not by accident." Ronald Reagan
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Ludwig von Mises quote about government spending and job creationCopyright © yoice.net – Quote Artwork
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"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." Ludwig von Mises
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Albert Jay Nock quote about state money, government taxation, and the role of the StateCopyright © yoice.net – Quote Artwork
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"Another strange notion pervading whole peoples is that the State has money of its own; and nowhere is this absurdity more firmly fixed than in America. The State has no money. It produces nothing. It existence is purely parasitic, maintained by taxation; that is to say, by forced levies on the production of others. 'Government money,' of which one hears so much nowadays, does not exist; there is no such thing." Albert Jay Nock
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