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Meaning
The quote says that rules requiring balanced budgets may encourage creative bookkeeping instead of real spending discipline. In other words, people may try to make the numbers look balanced without actually solving the underlying financial problem.
When It Was Said
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Who It Was Said To
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Historical Context
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Source
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Original Language & Translation
Originally said in English.
Did They Really Say It?
Attributed to Thomas Sowell, but no source was found on Wikiquote.
Did You Know?
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About Thomas Sowell
Thomas Sowell is quoted here; further biographical details are not publicly available.
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READ THE SOURCE
Books by Thomas Sowell
Basic economics
2000
Intellectuals and Society
2012
Black Rednecks And White Liberals
2005
Applied Economics
2003
A conflict of visions
1987