Related quotes
- The nominal budget is a poor indicator of the impact of government outlays and revenues.
- Larger deficits are necessary and proper means to mitigate unemployment as the far greater evil in terms of human welfare.
- Balancing a nominal budget will solve nothing, and attempting to achieve such a spurious balance will produce much mischief.
- Deficits do not in themselves produce inflation, nor does a balanced budget assure a stable price level.
- The insane pursuit of the holy grail of a balanced budget in the end is going to drive the economy into a depression.
- Increasingly prices are set by sellers to raise their prices without a loss of sales sufficient to wipe out the gain.