What is fiscal conservatism and how does it work?
Fiscal conservatism is a type of economic policy which main objective is to avoid deficit spending at all times. Can this really be achievable and how do you in principle follow this type of fiscal policy? Are you a proponent of it, why and why not? Please explain.
Let’s begin with fiscal conservatism, then. It begins with integrity. You do excellent work. Not good work: excellent work. You know that your reputation, livelihood and security depend on the work you do. You take pride in the quality of your work: what you do and how you do it. You mind the details. You build good relationships, preferably with others who do excellent work. Where that is not possible – because you know the world is not Utopia and is made of all kinds of people with different priorities and abilities – you make sure those relationships do not imperil your work or reputation.
Here are the principles of fiscal conservatism
The World is Risky: Don’t Make it Riskier.
Thou Shalt Not Squander.
Do Good Work.
Reward Good Work.
Do Not Tolerate Waste.
Save Your Seeds.
by Ari Lamstein 3 years ago
What is the difference between monetary policy and fiscal policy?I hear these two terms thrown around quite a bit in the news, but I'm not sure how they're different. Are they the same thing?
by CWanamaker 6 years ago
What are the Most Important Factors to Consider When Choosing a College to Attend?
by pjmccorm 5 years ago
What should we do about the fiscal policy?
Copyright © 2018 HubPages Inc. and respective owners. Other product and company names shown may be trademarks of their respective owners. HubPages® is a registered Service Mark of HubPages, Inc. HubPages and Hubbers (authors) may earn revenue on this page based on affiliate relationships and advertisements with partners including Amazon, Google, and others.
|HubPages Device ID||This is used to identify particular browsers or devices when the access the service, and is used for security reasons.|
|Login||This is necessary to sign in to the HubPages Service.|
|HubPages Traffic Pixel||This is used to collect data on traffic to articles and other pages on our site. Unless you are signed in to a HubPages account, all personally identifiable information is anonymized.|
|Remarketing Pixels||We may use remarketing pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to advertise the HubPages Service to people that have visited our sites.|
|Conversion Tracking Pixels||We may use conversion tracking pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to identify when an advertisement has successfully resulted in the desired action, such as signing up for the HubPages Service or publishing an article on the HubPages Service.|