Quote by ANONYMOUS - Deepstash
ANONYMOUS

"The art of fiscal policy is not in spending or saving, but in knowing when to do which."

ANONYMOUS

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zwokey

Economics and politics student from Germany. Interested in a broad field of topics and trying to easily break down topics from his studies to everyone.

In this Mini-Series, we will talk about the key concepts of macroeconomics. I will shortly explain each concept in a respective post. This is part 4 of 5, covering the fiscal policy.

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Takeaways

  • Meaning:

Fiscal policy is how governments use spending and taxation to manage the economy.

  • Application:

It can be expansionary (more spending/low taxes) or contractionary (less spend...

Warren Buffett

"Do not save what is left after spending; instead spend what is left after saving."

WARREN BUFFETT

Hard Money and Peace

Hard Money and Peace

Hard money constraints historically limited warfare through fiscal discipline. This occurs because:

  • Sound money requires direct taxation for government spending
  • Citizens feel immediate costs of military action through taxation

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