# The Historical, Political, and Diplomatic Writings of Niccolo Machiavelli/Volume 2/The Prince/Chapter 16

​ ​this and attempts to retrench, he will at once expose himself to the imputation of being a miser.
A prince then, being unable without injury to himself to practise the virtue of liberality in such manner that it may be generally recognized, should not, when he becomes aware of this and is prudent, mind incurring the charge of parsimoniousness. For after a while, when it is seen that by his prudence and economy he makes his revenues suffice him, and that he is able to provide for his defence in case of war, and engage in enterprises without burdening his people, he will be considered liberal enough by all those from whom he takes nothing, and these are the many; whilst only those to whom he does not give, and which are the few, will look upon him as parsimonious.
In our own times we have not seen any great things accomplished except by those who were regarded as parsimonious; all others have been ruined. Pope Julius II., having been helped by his reputation of liberality to attain the Pontificate, did not afterwards care to keep up that reputation to enable him to engage in war against the king of France; and he carried on ever so many wars without levying any extraordinary taxes. For his long-continued economy enabled him to supply the extraordinary expenses of his wars.
If the present king of Spain had sought the reputation of being liberal, he would not have been able to engage in so many enterprises, nor could he have carried them to a successful issue. A prince, then, who would avoid robbing his own subjects, and be able to defend himself, and who would avoid becoming poor and abject or rapacious, should not mind incurring the reputation of being parsimonious; for that is one of those vices that will enable him to maintain his state. And should it be alleged that Julius Cesar attained the Empire by means of his liberality, and that many others by the same reputation have achieved the highest rank, then I reply, that you are either already a prince, or are in the way of becoming one; in the first case liberality would be injurious to you, but in the second it certainly is necessary to be reputed liberal. Now Cesar was aiming to attain the Empire of Rome; but having achieved it, had he lived and not moderated his expenditures, he would assuredly have ruined the Empire by his prodigality.
And were any one to assert that there have been many princes ​who have achieved great things with their armies, and who were accounted most liberal, I answer that a prince either spends his own substance and that of his subjects, or that of others. Of the first two he should be very sparing, but in spending that of others he ought not to omit any act of liberality. The prince who in person leads his armies into foreign countries, and supports them by plunder, pillage, and exactions, and thus dispenses the substance of others, should do so with the greatest liberality, as otherwise his soldiers would not follow him. For that which belongs neither to him nor to his own subjects, a prince may spend most lavishly, as was done by Cyrus, Cesar, and Alexander. The spending of other people’s substance will not diminish, but rather increase, his reputation; it is only the spending of his own that is injurious to a prince.
And there is nothing that consumes itself so quickly as liberality; for the very act of using it causes it to lose the faculty of being used, and will cither impoverish and make you contemned, or it will make you rapacious and odious. And of all the things against which a prince should guard most carefully is the incurring the hatred and contempt of his subjects. Now, liberality will bring upon you either the one or the other; there is therefore more wisdom in submitting to be called parsimonious, which may bring you blame without hatred, than, by aiming to be called liberal, to incur unavoidably the reputation of rapacity, which will bring upon you infamy as well as hatred.