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The budget should be balanced not by more taxes, but by reduction of follies.
Herbert Hoover
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Interpretation

What this quote means

Hoover suggests that instead of raising taxes, governments should cut unnecessary expenses.

In this quote, Herbert Hoover emphasizes that a balanced budget should be achieved through prudent financial management, rather than placing a heavier burden on taxpayers. He advocates for reducing wasteful expenditures, or 'follies', which reflects a philosophy of fiscal responsibility and efficiency in governance.

Themes

BudgetTaxesFolliesReductionFinanceExpenses

In practice

Example use cases

This quote could be used in a speech about fiscal policy at a government conference.

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