A Quote by Ludwig von Mises

If one regards inflation as an evil, then one has to stop inflating. One has to balance the budget of the government. — © Ludwig von Mises
If one regards inflation as an evil, then one has to stop inflating. One has to balance the budget of the government.
The unique aspect of today's monetary inflation is that it is not limited to one country, but a host of countries are all inflating together. As a result of the monetary inflation (when all of the newly created money begins to leave the banks and enter the system), the price inflation will be worldwide.
I'm pleased that I've balanced budgets. I was on the world of business for 25 years. If you didn't balance your budget, you went out of business. I went into the Olympics that was out of balance, and we got it on balance, and made a success there. I had the chance to be governor of a state. Four years in a row, Democrats and Republicans came together to balance the budget. We cut taxes 19 times and balanced our budget.
A tax cut means higher family income and higher business profits and a balanced federal budget....As the national income grows, the federal government will ultimately end up with more revenues. Prosperity is the real way to balance our budget. By lowering tax rates, by increasing jobs and income, we can expand tax revenues and finally bring our budget into balance.
If a government resorts to inflation, that is, creates money in order to cover its budget deficits or expands credit in order to stimulate business, then no power on earth, no gimmick, device, trick or even indexation can prevent its economic consequences.
Perhaps the most important reason to be skeptical of government inflation numbers is that the government, like a fox campaigning to guard a hen house, has many reasons to be disingenuous. As the world's largest debtor, the Federal Government is inflation's primary beneficiary.
You want to balance the budget in this country? We change the salary structure for Congress and the President. Every year they don't balance the budget, we don't pay them.
It's time to stop spending money we don't have and balance the budget.
At times of recession, running a budget deficit is highly desirable. Once the economy begins to recover, you have to balance the budget. But it will also need additional revenues. Should the government not receive them, we will all get punished with higher interest rates.
I think it is wrong to balance the budget on the backs of local government.
Under Reagan's policies, inflation and nominal GNP growth shriveled much faster than predicted, throwing off government revenue estimates and resulting in budget deficits.
We need to balance the budget and force Washington to stop spending more than it takes in.
Inflation is probably the most important single factor in that vicious circle wherein one kind of government action makes more and more government control necessary. For this reason all those who wish to stop the drift toward increasing government control should concentrate their effort on monetary policy.
I think this is an exciting time where we can actually get a compromise between Democrats and Republicans, and we have to for this country. Now, I think we need not only to balance the budget in the future but we also need balance in the budget.
The headline in the Washington Post: "Democrats Confident They Can Block Trump's Agenda After Spending Bill Win." They think now they can stop Donald Trump's agenda for the next 3-1/2 years. They've shown how to do it. The agenda tied to the budget. The budget tied to government shutdowns. The Republicans cave at the first mention of a government shutdown; ergo, they've shut down Trump. That's what they're thinking.
When a business or an individual spends more than it makes, it goes bankrupt. When government does it, it sends you the bill. And when government does it for 40 years, the bill comes in two ways: higher taxes and inflation. Make no mistake about it, inflation is a tax and not by accident.
The government will always tell you that it wants low inflation. The real issue is the horizon over which to bring inflation down.
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