“It is always and everywhere the province of the central bank to monetize any spending, the government's or the private sector's, by printing enough money to pay for it in depreciated dollars.”
Quote by Caroline Baum
Author
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Source: Human Action
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Source: Bureaucracy: The Economist
“People who never seen to learn claim the government can be made more efficient.”
Source: Evolutionary Socialism: a Criticism and Affirmation: (Die Voraussetzungen Des Sozialismus und Die Aufgaben Der Sozialdemokratie.)
“In public administration there is no connection between revenue and expenditure.”
Source: Bureaucracy: The Economist
“A healthful hunger for a great idea is the beauty and blessedness of life.”
