James M. Buchanan Quotes About Budget Deficit

We have collected for you the TOP of James M. Buchanan's best quotes about Budget Deficit! Here are collected all the quotes about Budget Deficit starting from the birthday of the Economist – October 3, 1919! We hope you will be inspired to new achievements with our constantly updated collection of quotes. At the moment, this page contains 1 sayings of James M. Buchanan about Budget Deficit. We will be happy if you share our collection of quotes with your friends on social networks!

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I have long been in favor of a balanced budget restriction at the level of the federal government of the United States. Because the federal government has money-creating powers it can, in fact, be very damaging if it runs a series of budget deficits. With the state government in the United States, they don't have money-creating powers. The automatic discipline imposed by the fact that they are in a common monetary unit and don't have control over the money power means that the balanced budget restriction is less needed.
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James M. Buchanan

Running Mean Creating

Source: www.aims.ca

3015

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