Freedom prospers when religion is vibrant and the rule of law under God is acknowledged.
Ronald ReaganRead
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.
Interpretation
What this quote means
Government overspending leads to financial burdens on individuals through taxes and inflation.
This quote by Ronald Reagan highlights the concept that while individuals and businesses face bankruptcy for overspending, governments operate differently. The quote suggests that when governments exceed their financial means over extended periods, the consequences are felt by citizens in the form of increased taxes and inflation, framing inflation as a disguised tax that affects everyone's purchasing power and financial security.
Themes
GovernmentInflationTaxesOverspendingBankruptcy
In practice
Example use cases
In a debate about fiscal policy, one might use this quote to illustrate the dangers of government debt.
More from Ronald Reagan
All quotes →Our status as a free society and world power is not based on brute strength. When we've taken up arms, it has been for the defense of freedom for ourselves and for other peaceful nations who needed our help. But now, faced with the development of weapons with immense destructive power, we've no choice but to maintain ready defense forces that are second to none. Yes, the cost is high, but the price of neglect would be infinitely higher.
Ronald ReaganRead
I'm spending more time at this library in four days than I did at the Eureka College Library in four years.
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I'm not a politician by profession. I am a citizen who decided I had to be personally involved in order to stand up for my own values and beliefs. My candidacy is based on my record, and for that matter, my entire life.
Ronald ReaganRead
My fellow citizens, our nation is poised for greatness. We must do what we know is right, and do it with all our might. Let history say of us: "These were golden years - when the American Revolution was reborn, when freedom gained new life, and America reached for her best."
Ronald ReaganRead
We must have faith in the people of this country and faith in our principles.
Ronald ReaganRead
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