Ludwig von Mises Quotes
If one regards inflation as an evil, then one has to stop inflating. One has to balance the budget of the government.
Mises, Ludwig von. Economic Policy: Thoughts for Today and Tomorrow. Regnery/Gateway, 1979, p. 72.
By the time the debt ceiling needs a Congressional vote, the money has already been obligated and spent. That is when Congress can control spending. The debt ceiling is ALWAYS increased by Congress when asked otherwise the U. S. would not be able to pay its bills. However, many members of Congress like the fact that every year or so the administration needs their votes so they can extract benefits for their constituents more easily with that leverage.
Ludwig Heinrich Edler von Mises was an Austrian School economist, historian, logician and sociologist. Mises wrote and lectured extensively on the societal contributions of classical liberalism. He is best known for his work on praxeology, a study of human choice and action.