---
title: "2 Borrowing Quotes By John James Cowperthwaite"
description: "2 Borrowing quotes by John James Cowperthwaite. Plus more from John James Cowperthwaite and more Borrowing sayings from other authors."
image: "https://sms4smile.com/quotes/i/3c2/john-james-cowperthwaite-26791_balance_deficit-financing-proper-is-rather-the-p_1681083.jpg"
---

> [Deficit financing proper is rather the process whereby a Government spends more money that it withdraws from the economy by taxation, borrowing, running down reserves, etc.; thereby causing in most circumstances, and very acutely in ours, monetary inflation and severe…](https://sms4smile.com/quotes/john-james-cowperthwaite/deficit-financing-proper-is-rather-the-process-whereby-a-government/)

[John James Cowperthwaite](https://sms4smile.com/quotes/author/john-james-cowperthwaite/)

[Image](https://sms4smile.com/quotes/i/3c2/john-james-cowperthwaite-26791_balance_deficit-financing-proper-is-rather-the-p_1681083.jpg)

> [The fact that previous generations have handed down to us a substantial public heritage by way of roads, port, etc. almost completely free of debt, seems to me to impose some limitation on the validity of the theory that by…](https://sms4smile.com/quotes/john-james-cowperthwaite/the-fact-that-previous-generations-have-handed-down-to-us-a/)

[John James Cowperthwaite](https://sms4smile.com/quotes/author/john-james-cowperthwaite/)

[Image](https://sms4smile.com/quotes/i/e75/john-james-cowperthwaite-26791_borrowing_the-fact-that-previous-generations-have_2583693.jpg)

## Other authors on Borrowing

- [Warren Buffett 5 quotes](https://sms4smile.com/quotes/about/borrowing/warren-buffett/)
- [ ![](https://sms4smile.com/quotes/wp-content/uploads/sms4s/authors/processed/b019/author-paul-ryan-74142.jpg) Paul Ryan 5 quotes ](https://sms4smile.com/quotes/about/borrowing/paul-ryan/)

## More by John James Cowperthwaite

> [We enjoy a considerable net inflow of capital and I am sure that a condition of its coming, and staying, is that it is…](https://sms4smile.com/quotes/john-james-cowperthwaite/we-enjoy-a-considerable-net-inflow-of-capital-and-i-am-sure-that-a/)

[John James Cowperthwaite](https://sms4smile.com/quotes/author/john-james-cowperthwaite/)

> [I still believe that, in the long run, the aggregate of the decisions of individual businessmen, exercising individual judgment in a free economy, even…](https://sms4smile.com/quotes/john-james-cowperthwaite/i-still-believe-that-in-the-long-run-the-aggregate-of-the-decisions/)

[John James Cowperthwaite](https://sms4smile.com/quotes/author/john-james-cowperthwaite/)

> [What gives me concern in so much of the comment is the implication that the people of Hong Kong have to be given a…](https://sms4smile.com/quotes/john-james-cowperthwaite/what-gives-me-concern-in-so-much-of-the-comment-is-the-implication/)

[John James Cowperthwaite](https://sms4smile.com/quotes/author/john-james-cowperthwaite/)

> [If people want consultative government, the price is increased complexity and delay in arriving at decisions. If they want speed of government, then they…](https://sms4smile.com/quotes/john-james-cowperthwaite/if-people-want-consultative-government-the-price-is-increased/)

[John James Cowperthwaite](https://sms4smile.com/quotes/author/john-james-cowperthwaite/)

> [I am afraid that I do not believe that any body of men can have enough knowledge of the past, the present and the…](https://sms4smile.com/quotes/john-james-cowperthwaite/i-am-afraid-that-i-do-not-believe-that-any-body-of-men-can-have/)

[John James Cowperthwaite](https://sms4smile.com/quotes/author/john-james-cowperthwaite/)

> [I hold that two principles are important; first that there should be a steady expansion of public services, not an irregular one related to…](https://sms4smile.com/quotes/john-james-cowperthwaite/i-hold-that-two-principles-are-important-first-that-there-should-be-a/)

[John James Cowperthwaite](https://sms4smile.com/quotes/author/john-james-cowperthwaite/)

> [I am also, I must confess, a little sceptical of the theory that we have a right, if we could, to pass on our…](https://sms4smile.com/quotes/john-james-cowperthwaite/i-am-also-i-must-confess-a-little-sceptical-of-the-theory-that-we/)

[John James Cowperthwaite](https://sms4smile.com/quotes/author/john-james-cowperthwaite/)

> [A glimmer of light is better than no illumination at all.](https://sms4smile.com/quotes/john-james-cowperthwaite/a-glimmer-of-light-is-better-than-no-illumination-at-all/)

[John James Cowperthwaite](https://sms4smile.com/quotes/author/john-james-cowperthwaite/)

> [Deficit financing proper is rather the process whereby a Government spends more money that it withdraws from the economy by taxation, borrowing, running down…](https://sms4smile.com/quotes/john-james-cowperthwaite/deficit-financing-proper-is-rather-the-process-whereby-a-government/)

[John James Cowperthwaite](https://sms4smile.com/quotes/author/john-james-cowperthwaite/)

> [I am confident, however old-fashioned this may sound, that funds left in the hands of the public will come into the Exchequer with interest…](https://sms4smile.com/quotes/john-james-cowperthwaite/i-am-confident-however-old-fashioned-this-may-sound-that-funds-left/)

[John James Cowperthwaite](https://sms4smile.com/quotes/author/john-james-cowperthwaite/)

> [Revenue has increased in this way is in no small measure, I am convinced, due to our low tax policy which has helped to…](https://sms4smile.com/quotes/john-james-cowperthwaite/revenue-has-increased-in-this-way-is-in-no-small-measure-i-am/)

[John James Cowperthwaite](https://sms4smile.com/quotes/author/john-james-cowperthwaite/)

> [Over a wide field of our economy it is still the better course to rely on the nineteenth century's "hidden hand" than to thrust…](https://sms4smile.com/quotes/john-james-cowperthwaite/over-a-wide-field-of-our-economy-it-is-still-the-better-course-to/)

[John James Cowperthwaite](https://sms4smile.com/quotes/author/john-james-cowperthwaite/)

> [Money cannot be converted into houses or trained teachers or hospitals at the touch of a magic wand. There are limitations to our physical…](https://sms4smile.com/quotes/john-james-cowperthwaite/money-cannot-be-converted-into-houses-or-trained-teachers-or/)

[John James Cowperthwaite](https://sms4smile.com/quotes/author/john-james-cowperthwaite/)

> [The fact that previous generations have handed down to us a substantial public heritage by way of roads, port, etc. almost completely free of…](https://sms4smile.com/quotes/john-james-cowperthwaite/the-fact-that-previous-generations-have-handed-down-to-us-a/)

[John James Cowperthwaite](https://sms4smile.com/quotes/author/john-james-cowperthwaite/)

> [One trouble is that when Government gets into a business it tends to make it uneconomic for anyone else.](https://sms4smile.com/quotes/john-james-cowperthwaite/one-trouble-is-that-when-government-gets-into-a-business-it-tends-to/)

[John James Cowperthwaite](https://sms4smile.com/quotes/author/john-james-cowperthwaite/)

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