Quarterly Journal of Austrian Economics
Author:
Ivan C. Johnson
Online Publish Date:
Volume 4, No. 4 (Winter 2001) Fiscal policy means simply that the government steals the public’s assets (taxes them), and then either spends the money itself (what is usually termed “government expenditure”) or donates the funds to others (makes subsidies), who then spend them. Clearly, the government may not make expenditures or donations