“Whatever expenditure is sanctioned - even when it is sanctioned against the ministry's wish - the ministry must find the money. Accordingly, they have the strongest motive to oppose extra outlay. The ministry is (so to speak) the breadwinner of the political family, and has to meet the cost of philanthropy and glory; just as the head of a family has to pay for the charities of his wife and the toilette of his daughters.” PoliticalSpeakWishPayWifeCostGloryDaughterCharityMotiveExtrasStrongestMinistryPhilanthropyExpendituresBreadwinner Author:Walter Bagehot
“[Social legislation] raised the cost of production; and what can be more illogical than to raise the cost of production in the country and then to allow the products of other countries which are not surrounded by any similar legislation, which are free from any similar cost and expenditure freely to enter our country in competition with our own goods...If these foreign goods come in cheaper, one of two things must follow...either you will take lower wages or you will lose your work.” IfsTwoCountrySocialLosesProductsCostRaisesCompetitionRaisedProductionsOur CountryTwo ThingsGoodsOther CountriesLegislationWagesCheaperExpendituresIllogical Author:Joseph Chamberlain
“When you start cutting government expenditure, at some point you are cutting essential services rather than excessive services. So you have to take into account the social costs involved in cutting government spending.” GovernmentSocialCuttingInvolvedCostEssentialsAccountsSpendingExpendituresGovernment Spending Author:Raghuram Rajan
“If you look at a farmer and his daily expenditure on existing energy services, it is much higher on an incremental delta basis. And then there is an emotional cost of not providing their kids with the right to educate. If you calculate these costs in economic terms and create a financing mechanism for them to buy it, the emotional delta cost is much higher compared to their household.” IfsLooksKidsEnergyTermEconomicEmotionalHigherCostBasesFarmersEducateMechanismHouseholdProvidingExpendituresFinancingDelta Author:Ramon Magsaysay
“For every dollar of revenue generated by gambling, taxpayers must pay at least $3 in increased criminal justice costs, social welfare expenses, high regulatory costs, and increased infrastructure expenditures” SocialJusticePayCostDollarsCriminalsWelfareGamblingExpensesRevenueInfrastructureTaxpayersCriminal JusticeExpendituresSocial Welfare Author:John Warren Kindt