Ronald Reagan: Higher Inflation Bill

Posted by admin on Monday, November 28, 2022

Meaning of Ronald Reagan Money Quote: saying when any person or business spends more than they earn, it means bankruptcy. However, government does it and collects taxes to cover it. Inflation results.. Ronald Reagan said:
 
bankrupt. When government does it, it sends you the bill comes higher taxes and inflation is a tax Quote
 

“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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