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6 Pros and Cons of Deficit Spending

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6 Pros and Cons of Deficit Spending

Whether used in government, economics, or finance, the underlying principle of deficit spending is the same—less income, more spending. Economists have been debating on this topic for a long time already, with those against it

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#Deficit Spending Explained

Almost 50 years ago, Milton Friedman explained what politicians still try to hide: deficit spending isn't free money—it's just taxation by another name. When the government spends more than it collects, someone has to pay, but who picks up the check? You do. Through inflation—the hidden tax nobody votes for but everyone pays. | Free To Choose Network

Almost 50 years ago, Milton Friedman explained what politicians still try to hide: deficit spending isn't free money—it's just taxation by another name. When the government spends more than it collects, someone has to pay, but who picks up the check? You do. Through inflation—the hidden tax nobody votes for but everyone pays. | Free To Choose Network

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