Posts Tagged ‘fiscal’
Sir Alex Fraser Tytler: Fiscal Policy
on Saturday, September 26, 2020Sir 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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Michael Connolly: Printing Inflationary Evil
on Tuesday, January 26, 2016Michael Connolly Money Quotation saying governments that are tempted to print money during financial crises are playing with Seigniorage fire. Michael Connolly said:
“Seigniorage finance of fiscal deficits is often known as ‘the printing press.’ In a sense, money is the root of all inflationary evil. It helps to understand why inflation bursts out here and there periodically” — Michael Connolly
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President Obama: Taxing Wealthy
on Thursday, November 29, 2012President Barack Obama Money Quotation saying Politicians debate whether to raise taxes on the top 2 percent of earners – while a disaster looms as they avoid his simple proposed solution. President Obama said:
“Right now, as we speak, Congress can pass a law that would prevent a tax hike on the first $250,000 of everybody’s income. Everybody’s” — Barack Obama
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