Fiscal conservatism

Examples of Fiscal conservatism in the following topics:

• Conservatism

  • Liberal conservatism is a variant of conservatism that combines conservative values and policies with classical liberal stances.
  • Fiscal conservatism is the economic philosophy of prudence in government spending and debt.
  • National conservatism concentrates more on national interests than standard conservatism, and it upholds cultural and ethnic identity.
  • As such, national conservatives can be distinguished from economic conservatives, for whom free market economic policies, deregulation, and fiscal conservatism are the main priorities.
  • Social conservatism is distinct from cultural conservatism, although there are some overlaps.

• Limits of Fiscal Policy

  • Fiscal policy is also a source of significant political conflict along party lines.
  • Fiscal conservatism has academic support, predominantly associated with the neoclassical-inclined Chicago school of economics, and has significant political and institutional support, with all but one state of the United States (Vermont is the exception) having a balanced budget amendment to its state constitution.
  • Fiscal conservatism was the dominant position until the Great Depression.
  • How effective fiscal policy is depends on the multiplier.
  • There are two different approaches to fiscal policy in the US.

• The Modern Era of Political Parties

  • Today, the Republican Party supports an American conservative platform, with foundations in economic liberalism, fiscal conservatism, and social conservatism.

• Marketing as an Entrepreneurial Force

  • ., cultural or fiscal conservatism, lack of research) and experience failures before achieving success, organizations can benefit from valuable data resulting from intrapreneurship.

• The Republican Party

  • The Republican Party is a major political party in the U.S, along with the Democratic Party; its platform reflects American conservatism.
  • Currently the party's platform generally reflects American conservatism in the U.S. political spectrum.
  • American conservatism of the Republican Party is not wholly based upon rejection of the political ideology of liberalism, as many principles of American conservatism are based upon classical liberalism.
  • Rather the Republican Party's conservatism is largely based upon its support of classical principles against the modern liberalism of the Democratic Party that is considered American liberalism in contemporary American political discourse.
  • The Republican Party includes fiscal conservatives, social conservatives, neoconservatives, moderates, and libertarians.

• Compassionate Conservatism

  • In "compassionate conservatism," a philosophy  espoused by President George W.
  • Compassionate conservatism has been defined as the belief that conservatism and compassion complement each other.
  • Bush began his presidency hoping to make compassionate conservatism his centerpiece.
  • Perhaps one of the greatest examples of compassionate conservatism is the No Child Left Behind Act (NCLB).
  • Bush have criticized the phrase "compassionate conservatism" as simply sugarcoating traditional conservatism to make it sound more appealing to moderate voters.

• Arguments For and Against Fighting Recession with Expansionary Fiscal Policy

  • Expansionary fiscal policies, which are usually implemented during recessions, attempt to increase economic demand.
  • Expansionary fiscal policies involve reducing taxes or increasing government expenditure.
  • This may in turn reduce aggregate demand for goods and services, which defeats the purpose of a fiscal stimulus.
  • Taxes have not only been a way to initiate fiscal policy intervention, but have also been used to solidify popular approval.
  • Evaluate the pros and cons of fiscal policy intervention during recession

• Long-Run Implications of Fiscal Policy

  • Expansionary fiscal policy can lead to decreased private investment, decreased net imports, and increased inflation.
  • That being said, these changes in fiscal policy can affect the following macroeconomic variables in an economy:
  • Economists still debate the effectiveness of fiscal policy to influence the economy, particularly when it comes to using expansionary fiscal policy to stimulate the economy.
  • Other possible problems with fiscal stimulus include inflationary effects driven by increased demand.
  • If a country pursues and expansionary fiscal policy, high inflation becomes a concern.

• Fiscal Policy and the Multiplier

  • Fiscal policy can have a multiplier effect on the economy.
  • The size of the multiplier effect depends upon the fiscal policy.
  • The size of the shift of the aggregate demand curve and the change in output depend on the type of fiscal policy.
  • The multiplier effect determines the extent to which fiscal policy shifts the aggregate demand curve and impacts output.
  • Describe the effects of the multiplier beyond its relevance to fiscal policy

• The Republican Era

  • His conservatism, affable manner, and "make no enemies" campaign strategy made Harding the compromise choice at the 1920 Republican National Convention.
  • Harding is known for his financial policies, fiscal responsibility, and his endorsement of African American civil rights.