Golden Rule of Public Finance: Borrowing for Investment, Not Spending
Golden
Rule of Public Finance: Borrowing for Investment, Not Spending
Borrow not for today, but for tomorrow. Let debt be a bridge to the future, not a burden on
the present. The Golden Rule of public finance teaches that
governments should borrow only to build—roads that endure, schools that
enlighten, systems that serve generations yet to come. Daily expenses must
rest on current income, not on the shoulders of the future. Borrowing that creates assets strengthens the
nation. Borrowing that feeds routine consumption weakens it. Thus, wise finance invests in growth and leaves
behind not debt alone, but value. |
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