Fiscal conservatism | Wikipedia audio article
Channel: wikipedia tts
Date: 03/12/2018

This is an audio version of the Wikipedia Article:
Fiscal conservatism


00:01:20 1 Overview
00:01:28 1.1 Principles
00:02:49 1.2 Factions or subgroups
00:05:07 2 History in the United States
00:05:17 2.1 18th and 19th centuries
00:06:25 2.2 Early to mid 20th century
00:07:40 2.3 Reagan era
00:09:08 2.4 Ross Perot
00:09:45 2.5 Clinton era
00:12:39 2.6 Modern fiscal conservatism in the United States
00:14:25 3 Rest of the world
00:16:33 4 See also



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SUMMARY
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Fiscal conservatism (also economic conservatism or conservative economics) is a political-economic philosophy regarding fiscal policy and fiscal responsibility advocating low taxes, reduced government spending and minimal government debt. Free trade, deregulation of the economy, lower taxes, and privatization are the defining qualities of fiscal conservatism. Fiscal conservatism follows the same philosophical  outlook of classical liberalism and economic liberalism. The term has its origins in the era of the New Deal during the 1930s as a result of the policies initiated by reform or modern liberals, when many classical liberals started calling themselves conservatives as they did not wish to be identified with what was passing for liberalism.In the United States the term liberalism has become associated with the welfare state and expanded regulatory policies created as a result of the New Deal and its offshoots from the 1930s onwards. Fiscal conservatives form one of the three legs of the traditional conservative movement in the United States, together with social conservatism and national defense conservatism. Many Americans who are classical liberals also tend to identify as libertarian, holding more socially liberal views and advocating a non-interventionist foreign policy while supporting lower taxes and less government spending.