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Borrowing Quote by Richard Wagner

“Whether government finances its added spending by increasing taxes, by…” quote by Richard Wagner
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“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.”

Richard Wagner

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