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:
“The world is burdened with young fogies. Old men with ossified minds are easily dealt with. But men who look young, act young and everlastingly harp on the fact that they are young, but who nevertheless think and act with a degree of caution that would be excessive in their grandfathers, are the curse of the world. Their very conservatism is secondhand, and they don’t know what they are conserving.”
—Robertson Davies (b. 1913)