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

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.

More from Herbert Hoover

Absolute freedom of the press to discuss public questions is a foundation stone of American liberty.
Herbert HooverRead
No prosaic description can portray the grandeur of 40 miles of rugged mountains rising beyond a placid lake in which each shadowy precipice and each purple gorge is reflected with a vividness that rivals the original.
Herbert HooverRead
Blessed are the young for they shall inherit the national debt.
Herbert HooverRead
Peace is not made at the council table or by treaties, but in the hearts of men.
Herbert HooverRead
Words without actions are the assassins of idealism.
Herbert HooverRead
There is no more cruel illusion than that war makes a people richer.
Herbert HooverRead

Similar quotes

War can really cause no economic boom, at least not directly, since an increase in wealth never does result from destruction of goods.
Ludwig Von MisesRead
Political economy came into being as a natural result of the expansion of trade, and with its appearance elementary, unscientific huckstering was replaced by a developed system of licensed fraud, an entire science of enrichment.
Friedrich EngelsRead
The way to crush the bourgeoisie is to grind them between the millstones of taxation and inflation.
Vladimir LeninRead
I think there's a lot of merit in an international economy and global markets, but they're not sufficient because markets don't look after social needs.
George SorosRead
There is only one difference between a bad economist and a good one: the bad economist confines himself to the visible effect; the good economist takes into account both the effect that can be seen and those effects that must be foreseen.
Frederic BastiatRead
Entrepreneurs and their small enterprises are responsible for almost all the economic growth in the United States.
Ronald ReaganRead

A little wisdom, now and then

Subscribe for the occasional hand-picked quote. No noise.