Like taxation, government spending diverts resources from real wealth-generating ventures. Borrowed funds for continued spending must also be repaid, so current spending translates to future taxation.

Like taxation, government spending diverts resources from real wealth-generating ventures. Borrowed funds for continued spending must also be repaid, so current spending translates to future taxation. | Frank Shotstakhttps://t.co/kA1yrxdClL

— Mises Institute (@mises) February 16, 2019