Fiscal conservatism is a fiscal policy that advocates avoiding deficit spending. Fiscal conservatives often consider reduction of overall government spending and national debt as well as ensuring balanced budget of paramount importance. Free trade, deregulation of the economy, lower taxes, and other conservative policies are also often but not necessarily affiliated with fiscal conservatism.
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Famous quotes containing the word conservatism:
“There is such a thing as caste, even in the West; but it is comparatively faint; it is conservatism here. It says, forsake not your calling, outrage no institution, use no violence, rend no bonds; the State is thy parent. Its virtue or manhood is wholly filial.”
—Henry David Thoreau (1817–1862)
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