Quotation of the Day…

(Don Boudreaux)

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… is from page 193 of George Will’s 1992 book, Restoration:

[Government budget D]eficits are political and moral events, not merely economic events. A balanced budget amendment would do something of constitutional significance: It would protect important rights of an unrepresented group, in this case the unborn generations that must bear the burden of the debts. The amendment would block a form of confiscation of property – taxation without representation.