Sir Alex Fraser Tytler: Fiscal Policy

Sir Alex Fraser Tytler Money Quote saying democratic society can be at risk of dictatorship due to fiscal policy of previous administrations. Sir Alex Fraser Tytler said:
 

 

“A democracy … can only exist until the voters discover that they can vote themselves largess of the public treasury. From that time on the majority always votes for the candidates promising the most benefits from the public treasury, with the results that a democracy always collapses over loose fiscal policy, always followed by a dictatorship” — Sir Alex Fraser Tytler

 
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