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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.   
 
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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==Sources==
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http://usinfo.state.gov/products/pubs/oecon/chap12.htm
      
[[Category:Economics]]
 
[[Category:Economics]]
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