The John Hyde Archives

Historic archive of articles and newspaper columns written by former Australian politician John Hyde OAM.

The Deficit 1987

Economics  Taxation  Fiscal Policy 

  • When governments borrow rather than raise taxes, there are several consequences: 1) The young lose, 2) investments drop, 3) The country's credit rating suffers, 4) The police are required to force people to service the debt, 5) Foreign debt accumulates and 6) The government is tempted to inflate the currency.