Quotes Entirely Relevant to Investing 08-31-2008

by Mr Juggles

The real cost of government is measured by what government spends, not by the receipts labeled taxes. The goods and services it buys are not available for other use…Suppose government spends $400 billion and raises $350 billion in funds labeled taxes. Who do you suppose pays for the $50 billion difference? The tooth fairy? Hardly. You do.
-Milton Friedman

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  1. Pleb
    September 2nd, 2008 | 1:08 pm

    Wait a minute… you mean I have to pay for that free lunch?

    Naah. It wouldn’t be a free lunch if you had to pay for it. They couldn’t call it free then.

    Could they?