Difference between revisions of "Fiscal policy"
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| − | '''Fiscal Policy''' is the federal [[government|government's]] decisions about the amount of [[money]] it spends and collects in taxes | + | '''Fiscal Policy''' is the federal [[government|government's]] decisions about the amount of [[money]] it spends and the amount of money it assesses and collects in taxes. |
| − | Fiscal policies are largely based on the 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 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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| + | 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. | ||
==Sources== | ==Sources== | ||
Revision as of 02:23, August 16, 2009
Fiscal Policy is the federal government's decisions about the amount of money it spends and the amount of money it assesses and collects in taxes.
Fiscal conservatism is a sound government fiscal policy that advocates a reduction in overall government spending.
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.
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.