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History

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Early to mid 20th century edit In the early 20th century, fiscal conservatives were often at odds with progressives who desired economic reform. During the 1920s, Republican President Calvin Coolidge's pro-business economic policies were credited for the successful period of economic growth known as the Roaring Twenties. However, his actions may have been due more to a sense of federalism than fiscal conservatism as Robert Sobel notes: "As Governor of Massachusetts, Coolidge supported wages and hours legislation, opposed child labor, imposed economic controls during World War I, favored safety measures in factories, and even worker representation on corporate boards". Contrary to popular opinion, then-Republican President Herbert Hoover was not a fiscal conservative. He promoted government intervention during the early Great Depression, a policy that his successor, Democratic President Franklin D. Roosevelt, continued and increased despite campaigning to the contrary. cit...
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Fiscal conservatism

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Fiscal conservatism is a political and economic philosophy regarding fiscal policy and fiscal responsibility advocating low taxes, reduced government spending and minimal government debt. Deregulation, free trade, privatization and tax cuts are its defining qualities. 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 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. 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 that emerged during the 1950s together ...
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Overview

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Principles edit Part of the Politics series on Neoliberalism Origins Industrial Revolution Mercantilism Classical liberalism Keynesian economics Ideas Austerity Balanced budget Company Corporation Democracy Denationalization Deregulation Economic freedom Economic integration Economic interdependence Economic liberalization Fiscal conservatism Foreign direct investment Free markets Free trade (area) Globalization Harmonisation of law Intellectual property Intergovernmentalism Liberalization Marketization Market economy Negative income tax Private property Privatization Public-private partnership School vouchers Single market Supranationalism Tax cuts Tax reform Theories Comparative advantage Economic growth Gross domestic product International economics International finance International trade Laffer curve Economics Austrian School Chicago School Neoclassical Trickle-down Supply-side Movements Fiscal conservatism Globalization ...
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