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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]].
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.
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.
== See also ==
*[[Obama administration fiscal policy]]
[[Category:Economics]]
[[Category:Economics]]