Franco Modigliani quote

The immediate effect of the deficit is to make you feel good, like when you go on a trip and pay later. You feel good, and then you get a hangover. The deficit makes you feel good - until you pay later.
Franco Modigliani
Franco Modigliani
Franco Modigliani
Born: Jun 18, 1918
Died: Sep 25, 2003

Topics

Good, You, Feel Good, Pay, Deficit, Later, Immediate, Trip, Feel, Like, Until, Make, Makes, Go, Effect, Get, Hangover, Then

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Related Authors

Adam Smith, Alan Greenspan, E. F. Schumacher, John Kenneth Galbraith, John Maynard Keynes, Milton Friedman, Paul A. Volcker, Thomas Sowell
The Collected Papers of Franco Modigliani (MIT Press) (Volume 6)
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