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britannica.com
Deficit financing | Government Spending, Fiscal Policy & Budget Deficits | Britannica Money
deficit financing, practice in which a government spends more money than it receives as revenue, the...
6 months ago
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694K views · 19K reactions | 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 | Facebook
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