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'''Fiscal Policy''' is the federal [[government|government's]] decisions about the amount of [[money]] it spends and collects in taxes to achieve full employment and non-inflationary economy.
'''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. ''[[Laissez faire]]'' is an earlier economic theory that is opposed to any government intervention in business affairs.
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.
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