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Deficit Spending Is the Government’s Perfect Weapon

November 5, 2014 in Economics

By Ryan McMaken

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Mises Daily Wednesday by Garet Garrett:

“A perpetual and unlimited debt represents deficit spending as a social principle. It means a progressive redistribution of wealth by will of government until there is no more fat to divide; after that comes a level rationing of the national income.”

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Source: MISES INSTITUTE

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