Absurd Quote by Murray Rothbard
“The ingenious slogan that the public debt does not matter because 'we owe it to ourselves' is clearly absurd.”
About This Quote
Source Book: Economics and Liberty, 1982
Public debt is a false promise; borrowing from future generations is unjustifiable.
In simple terms: Debt harms future citizens.
Limit government borrowing to protect future welfare.
Themes
Mood
Type
When to use this quote
- budget planning
- policy making
- financial education
Key Concepts
Questions to Reflect On
- What safeguards ensure debt remains sustainable?
- How do we balance present needs with future obligations?
Debt can be necessary for investment, but must be managed responsibly.