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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.   

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 [[National debt|public spending]].  

 

== See also ==

== See also ==