John Steele Gordon

Quote Topics Cited
A national debt, properly funded and serviced, can be a potent instrument of national policy. Economics, The Economy & Fiscal Affairs
All laws have unintended consequences. Legislating & Legislative Process
In the 1860s we used the national debt to save the Union. In the 1930s we used it to save the American economy. In the 1940s we used it to save the world. Budgets & Budgeting
It is easier to use accounting gimmicks than it is to make hard political choices Budgets & Budgeting
Lyndon Johnson was perhaps the greatest political arm twister in the country’s history. Compliments, Insults & Rebukes
Monopolies, whether private or governmental, are always abused by those who hold them. Business, Commerce & Finance
Politicians have a natural inclination to spend in general, even as they disagree fiercely about what, specifically, to spend on. Politics, Politicians & Political Campaigning & Fund Raising
Sometimes the statistics themselves, the means by which we perceive the economic universe, are unreliable. Economics, The Economy & Fiscal Affairs
Spending programs always and immediately create powerful political pressures to maintain and expand them generated by those who are the direct beneficiaries. Legislating & Legislative Process
The Federal Government has no fiscal policy, for the tail of political expediency has long wagged the dog of prudent policy in Washington. Policy & Policy Making
The iron need to get reelected will always take priority over a relative abstraction like a budget deficit. Politics, Politicians & Political Campaigning & Fund Raising
The stock market is the world’s largest Oujie Board. Economics, The Economy & Fiscal Affairs
Until Keynes, politicians had not needed economists for help in running the country any more than they had needed astronomers. But Keynes made them indispensible. Economics, The Economy & Fiscal Affairs
Virtually all Federal accounting is still oriented toward preventing fraud and theft, not toward controlling costs. Budgets & Budgeting
Wars have been fought with borrowed money ever since Rome instituted the practice of forcing its richer citizens to loan the state money to help fund the conflict with Carthage in the third century BC. War & Peace