Borrowing Quote by Maxime Bernier
“When government borrowing and spending go up, private borrowing and spending go down.”
About This Quote
Source Speech: Economic Forum, 2015
When the government increases its borrowing and spending, private sector borrowing and spending tend to decrease, reflecting a crowding‑out effect.
In simple terms: Government spending can crowd out private spending.
Key Takeaway
Watch for crowding‑out in policy decisions.
Themes
economics
government finance
private sector
crowding out
policy impact
Mood
analytical
cautious
neutral
Type
policy
economic
When to use this quote
- budget planning
- investment decisions
- public‑private financing
Key Concepts
fiscal policy
crowding‑out theory
macroeconomic balance
Questions to Reflect On
- How does crowding‑out affect small businesses?
- Can targeted spending avoid crowding out?
A Different Perspective
Assumes all markets react uniformly, ignoring sector nuances.
![“When the fountains of government [borrowing] abundance began to dry up, when through lack of funds and the impossibility of negotiating fresh loans the state was forced to check the extension of bureaucracy and to put a stop to public works, then and then only did the Italians realize what it…” quote by John T. Flynn](https://sms4smile.com/quotes/img-quotes/908/john-t-flynn-18493_abundance_when-the-fountains-of-government-borrowi_2663.jpg)
