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[[Fiscal conservatism]] is a sound government fiscal policy that advocates a reduction in overall government spending.   
 
[[Fiscal conservatism]] is a sound government fiscal policy that advocates a reduction in overall government spending.   
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The [[Austrian school of economics]] is an economic theory that advocates ''[[laissez faire]]'' [[capitalism]] and it is opposed to government intervention in business affairs and champions [[free market]] [[capitalism]].
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The [[Austrian school of economics]] is an [[economic]] theory that advocates ''[[laissez faire]]'' [[capitalism]] and it is opposed to [[Nanny state|government intervention]] in business affairs and champions [[free market]] capitalism.  
    
Fiscal policies decided by [[liberal]] politicians are largely based on the errant theories of British economist [[John Maynard Keynes]]. Also known as [[Keynesian economics]], this theory states that governments can influence productivity by increasing or decreasing tax levels and public spending.  
 
Fiscal policies decided by [[liberal]] politicians are largely based on the errant theories of British economist [[John Maynard Keynes]]. Also known as [[Keynesian economics]], this theory states that governments can influence productivity by increasing or decreasing tax levels and public spending.  
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