Between the 1930s and 1970s, fiscal policy was characterized by the Keynesian consensus, a time during which modern American liberalism dominated economic policy virtually unchallenged.
Di antara dasawarsa 1930-an dan 1970-an, kebijakan fiskal dicirikan oleh konsensus Keynes, suatu masa di mana liberalisme modern Amerika mendominasi kebijakan ekonomi yang secara virtual tidak dapat ditantang.