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In any case of the budget deficit the private sector of the economy receives more from government expenditure than it pays in taxes.

— Michał Kalecki Theory of Economic Dynamics (1965)

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More quotes by Michał Kalecki

It should be noticed that the whole approach is in contradiction to generally accepted views.

Theory of Economic Dynamics (1965)

We have found that the degree of monopoly is likely to increase somewhat during depressions.

Theory of Economic Dynamics (1965)

In a sense the budget deficit can be considered as an artificial export surplus.

Theory of Economic Dynamics (1965)

An increase in the number of paupers does not broaden the market.

Theory of Economic Dynamics (1965)

Armaments and wars, usually financed by budget deficits, are also a source of this kind of profits.

Theory of Economic Dynamics (1965)

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Attribution

Quote text and notes from Wikiquote: Michał Kalecki (page history), available under CC BY-SA 4.0. Source quality and labels are our own summary of what Wikiquote records.