Bonus Quotation of the Day…

by Don Boudreaux on March 17, 2023

in Budget Issues, Business as usual, Debt and Deficits

is this Facebook post offered earlier today by Bob Higgs:

Modern governments have painted themselves into a corner, and the only solution they have come up with is to keep painting. Having raised their spending far in excess of their capacity to finance except by incurring debts they will never be able to repay, their only solution is to spend and borrow even more.

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