Fiscal policy can be used to achieve social and economic goals from "summary" of The Deficit Myth by Stephanie Kelton
Fiscal policy is a powerful tool that the government can use to achieve social and economic goals. By adjusting its spending and taxes, the government can influence the overall level of economic activity in the country. For example, during times of economic downturn, the government can boost spending to stimulate demand and create jobs. This can help to reduce unemployment and support economic growth. On the other hand, during times of high inflation or economic overheating, the government can reduce its spending or increase taxes to cool down the economy. By making these adjustments, the government can help to stabilize the economy and prevent it from overheating or falling into recession. I...
Similar Posts
Understanding the concept of sustainable development
Sustainable development is a concept that emphasizes the need to meet the needs of the present without compromising the ability...
The government played a crucial role in shaping economic policy
The shaping of economic policy is a task of considerable complexity. The traditional view holds that this task is best left to ...
Corporate power contributed to economic disparities
In the modern economic landscape, the influence of corporate power cannot be overstated. It is a force that shapes not only the...
Monopolies can harm competition and innovation
Monopolies can harm competition and innovation by reducing the incentives for firms to strive for excellence in order to attrac...
Massive wealth inequality plagues society
The chasm between the haves and the have-nots has widened to an alarming extent in our society. While a small elite amasses uni...
The relationship between poverty and discrimination is multidimensional
The relationship between poverty and discrimination is complex, involving multiple dimensions that interact in intricate ways. ...
Tax incidence refers to how the burden of a tax is distributed
Tax incidence is a fundamental concept in public finance that plays a crucial role in determining the distribution of the burde...
We should focus on the real resources available to the government, not just the money supply
The government's ability to spend money is not constrained by the amount of money it has in its coffers. Instead, the real limi...
National prosperity
National prosperity is not a vague concept or an elusive ideal that is impossible to achieve. It is a tangible reality that can...
Media fails to hold power accountable
The media, which is supposed to act as a watchdog for the public, has failed in its duty to hold those in power accountable. In...