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Quote by Richard Wagner

“Whether government finances its added spending by increasing taxes, by borrowing, or by inflating the currency, the added spending will be offset by reduced private spending. Furthermore, private spending is generally more efficient than the government spending that would replace it because people act more carefully when they spend their own money than when they spend other people's money.”

Quote by Richard Wagner

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Richard Wagner
Richard Wagner

Richard Wagner, a German composer, was born on May 22, 1813, in Leipzig and died on February 13, 1883, in Venice. He is one of the most important composers of the Romantic era, known for his grand opera works such as 'The Ring of the Nibelung' and 'Tristan and Isolde'. Wagner's musical theories have had a profound impact on subsequent composers. more

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