Fiscal Conservatism (FisCon) also called Economic Conservatism or Economic Liberalism in Europe and some other regions is an economically right-wing ideology that believes finances of the public body should be responsible and long-term sustainable although not strictly limited.
History
The term dates back to Franklin Roosevelt's New Deal era in the 1930s, when many Error creating thumbnail: Unable to save thumbnail to destination classical liberals began calling themselves conservatives because they did not want to identify with President Roosevelt's supporters, who called themselves liberals.
In the Error creating thumbnail: Unable to save thumbnail to destination United States, since the 1930s, the term liberalism is associated with the welfare state and active government intervention in the economy, otherwise known as Error creating thumbnail: Unable to save thumbnail to destination Social Liberalism. Fiscal conservatives form one of three parts of the traditional conservative movement that emerged in the 1950s along with social and national conservatism. Many Americans, while classical liberals, also tend to identify as Error creating thumbnail: Unable to save thumbnail to destination libertarians who combine support for tax cuts and government spending cuts with progressive views on social issues and a rejection of Error creating thumbnail: Unable to save thumbnail to destination interventionist foreign policies.
Beliefs
Fiscal Conservatism aims to reduce government debt by reducing public spending and avoiding deficit spending. In theory, this can also be accomplished by increasing taxes however Fiscal Conservatives would prefer to decrease spending.
FisCon around the world
In Error creating thumbnail: Unable to save thumbnail to destination Canada, Error creating thumbnail: Unable to save thumbnail to destination the UK and other English-speaking countries, FisCon is typically associated with culturally conservative parties. In Error creating thumbnail: Unable to save thumbnail to destination Germany and other European countries, it is typically associated with culturally varied classical or economically liberal parties.
Error creating thumbnail: Unable to save thumbnail to destination Najibnomics Error creating thumbnail: Unable to save thumbnail to destination
Najibnomics is an economic ideology that originated in Malaysia during the late 2000s and early 2010s under former prime minister Najib Razak, and was a form of Economic Liberalism. It aimed to deregulate the economy, implement subsidy reforms and increased government spending while setting a debt limit (which at the time Malaysia was a protected economic state).Najib Razak made several reforms of the Malaysian economy such as the New Economic Model, Economic Liberalism, Reform of government subsidies, free trade agreements and Stimulus packages which marks a significant shift away from the state-oriented economic programs of past governments, apart from several reforms on civil liberties, such as repealing the controversial Internal Security Act (ISA) besides removal of bans on two opposition newspapers and releasing of several detainees under the Internal Security Act (ISA) on his first actions as Prime Minister. His economic policies, known as Najibnomics, combines Error creating thumbnail: Unable to save thumbnail to destination Economic Liberalism, Error creating thumbnail: Unable to save thumbnail to destination Keynesian School and Error creating thumbnail: Unable to save thumbnail to destination Social Capitalism.
Error creating thumbnail: Unable to save thumbnail to destination Reaganomics Error creating thumbnail: Unable to save thumbnail to destination
Reaganomics or Reaganism is the economic ideology of Ronald Reagan government which consisted in reducing capital gain and federal income taxes, growth of government spending, reduce the government regulation and tighten the money supply in order to reduce inflation. It is based on a theory that increased wealth on the top will also benefit those on the bottom of the economic hierarchy.
Error creating thumbnail: Unable to save thumbnail to destination Hardingism Error creating thumbnail: Unable to save thumbnail to destination
Hardingism is based on the views and actions of the 29th US President, former Ohio Governor and former Senator Warren G. Harding. Harding's presidency was marked by the drastic reduction of American interventions and the reduction of American fleets along with the United Kingdom and Japan, in addition to withdrawing American troops with several Latin American countries, such as Cuba and Dominicana, even refusing to renounce interventionism, promising to limit considerably, but intervened in Mexico. When he took over, the US was in economic crisis (crisis of 20), so he cut and lowered several taxes and abolished the tax on surplus profits, in addition to having encouraged new technologies (such as electricity and automobiles) and national works. He also increased the amount of industries and increased civil rights, especially for black people, but decreased immigration. In his government there were several corruption scandals, in which, along with other politicians, they were called the "Ohio Gang". Due to the high amount of corruption in his administration, Harding is often ranked as one of the worst American Presidents in history.
Error creating thumbnail: Unable to save thumbnail to destination Rogernomics Error creating thumbnail: Unable to save thumbnail to destination
Rogernomics is an economic ideology that originated in New Zealand during the 1980s under finance minister Roger Douglas, and was a form of Fiscal Conservatism. It aimed to reduce government debt and deregulate the economy (which at the time in New Zealand was a welfare state). Unlike most other forms of FisCon however, Rogernomics is a slightly socially progressive ideology, due to Douglas' then membership of the Error creating thumbnail: Unable to save thumbnail to destination New Zealand Labour Party. Douglas' economic reforms were controversial within the party, with many seeing it as a betrayal of Labour's centre-left values.
Error creating thumbnail: Unable to save thumbnail to destination Thatcherism Error creating thumbnail: Unable to save thumbnail to destination
WIP
Personality and Behavior
Basically, very responsible when it comes to spending.
May act like Jon from "Garfielf".
How to Draw
The symbol for fiscal conservatism is a combination of a green dollar sign (representing wealth) on the a blue background (representing conservatism).
- Draw a ball with eyes
- Fill it Blue
- Draw a Green Dollar Sign ($) on the ball.
And you're done!
Relationship
Friends
- Error creating thumbnail: Unable to save thumbnail to destination Classical Liberalism - We have similar economic views and he influenced me greatly.
- Error creating thumbnail: Unable to save thumbnail to destination Conservative Liberalism - Both fiscal and cultural conservatism at once.
- Error creating thumbnail: Unable to save thumbnail to destination Capitalism - Capitalism is the way to go.
- Error creating thumbnail: Unable to save thumbnail to destination Libertarianism - Guess you're not that bad.
- Error creating thumbnail: Unable to save thumbnail to destination Monetarism - I like his long-term economic policies.
- Error creating thumbnail: Unable to save thumbnail to destination Liberal Conservatism - One of the best liberals.
- Error creating thumbnail: Unable to save thumbnail to destination Austrian School - Most of my policy is inspired by his ideas.
- Error creating thumbnail: Unable to save thumbnail to destination Hayekism - He's my friend, but he tells me to be careful with what budgets I cut.
- Error creating thumbnail: Unable to save thumbnail to destination Neoliberalism - Fellow lover of Reagan and Thatcher.
- Error creating thumbnail: Unable to save thumbnail to destination Third Way - Betraying your "center-left" principles for me is so based.
Frenemies
- Error creating thumbnail: Unable to save thumbnail to destination Neoconservatism - Don't like him, he spends too much on the military, but we vote together so I grudgingly accept him.
- Error creating thumbnail: Unable to save thumbnail to destination Korwinism - I like some of your ideas, but overall you're just... weird.
- Error creating thumbnail: Unable to save thumbnail to destination Pink Capitalism - Your economic takes are pretty agreeable, though I don't really understand this social justice stuff.
- Error creating thumbnail: Unable to save thumbnail to destination Nordic Model - I like your regulatory framework, but you spend so much & you must reduce taxation!
- Error creating thumbnail: Unable to save thumbnail to destination Trumpism - Tax cuts and market deregulation were cool but public debt and tariffs were not so good.
- Error creating thumbnail: Unable to save thumbnail to destination Paleoconservatism - Same as above but more extreme in both bad and good sense, Tucker is cringe, but Buchanan and Kirk are pretty ok.
- Error creating thumbnail: Unable to save thumbnail to destination Welfare Chauvinism - You don't care about balance budgets or excessive public spending but no welfare for non-citizens isn't a bad idea also you usually are against public debt which is cool.
- Error creating thumbnail: Unable to save thumbnail to destination Social Darwinism - I just want to defund welfare to pay off the debt, but he wants to end it completely for some "natural selection" nonsense.
- Error creating thumbnail: Unable to save thumbnail to destination Anarcho-Capitalism - That's a bit too far, my friend.
Enemies
- Error creating thumbnail: Unable to save thumbnail to destination Social Liberalism - Curse you, FDR!
- Error creating thumbnail: Unable to save thumbnail to destination Social Democracy - I WILL NEVER FORGIVE HOW YOU STOLE THE WORD "LIBERAL" FROM THE RIGHT YOU SOCIALIST! Also, you idolize FDR's economics that actually worsened the Depression!
- Error creating thumbnail: Unable to save thumbnail to destination Socialism - I'm sorry, but the austerity is necessary because of that Error creating thumbnail: Unable to save thumbnail to destination wacko!
- Error creating thumbnail: Unable to save thumbnail to destination Corporatocracy - I wish people realized that YOU are the problem, not Capitalism. If you were not a thing, the young would be more supportive of the economic policies I believe in.
- Error creating thumbnail: Unable to save thumbnail to destination Keynesian School - Way too statist; you led our country into a dictatorial war economy you psycho!
- Error creating thumbnail: Unable to save thumbnail to destination Error creating thumbnail: Unable to save thumbnail to destinationI spend, FisCon. It's what I do.Error creating thumbnail: Unable to save thumbnail to destination
- Error creating thumbnail: Unable to save thumbnail to destination Error creating thumbnail: Unable to save thumbnail to destinationYou are spending all our savings, Keynes.Error creating thumbnail: Unable to save thumbnail to destination
- Error creating thumbnail: Unable to save thumbnail to destination Error creating thumbnail: Unable to save thumbnail to destinationEnough with the chit chat, let's go spend some money.Error creating thumbnail: Unable to save thumbnail to destination
- Error creating thumbnail: Unable to save thumbnail to destination Error creating thumbnail: Unable to save thumbnail to destinationWho the fuck is 'us' in this instance?Error creating thumbnail: Unable to save thumbnail to destination
- Error creating thumbnail: Unable to save thumbnail to destination Protectionism - Are you sure about that?
- Error creating thumbnail: Unable to save thumbnail to destination Marxism–Leninism - COMMUNIST ON US SOIL DETECTED. LETHAL FORCE ENGAGED.
- Error creating thumbnail: Unable to save thumbnail to destination Conservative Socialism - You're an annoying socialist who still thinks it's 1965.
- Error creating thumbnail: Unable to save thumbnail to destination Reactionary Socialism - And you're a socialist who still thinks it's 1365!
Further Information
Literature
- Error creating thumbnail: Unable to save thumbnail to destination Basic Economics by Error creating thumbnail: Unable to save thumbnail to destination Thomas Sowell
- Najibnomics: Transforming Malaysia to a high-income nation by Irwan Shah Zainal Abidin
- Economic Reform in Malaysia: The Contribution of Najibnomics by Bruce Gale
Wikipedia
- Fiscal conservatism Error creating thumbnail: Unable to save thumbnail to destination
- Austerity Error creating thumbnail: Unable to save thumbnail to destination
- Balanced budget
- Error creating thumbnail: Unable to save thumbnail to destination Blue Dog Coalition Error creating thumbnail: Unable to save thumbnail to destination
- Economic liberalism Error creating thumbnail: Unable to save thumbnail to destination
- Error creating thumbnail: Unable to save thumbnail to destination Economic rationalism Error creating thumbnail: Unable to save thumbnail to destination
- Error creating thumbnail: Unable to save thumbnail to destination Rogernomics Error creating thumbnail: Unable to save thumbnail to destination
- Error creating thumbnail: Unable to save thumbnail to destination Reaganomics Error creating thumbnail: Unable to save thumbnail to destination
- Error creating thumbnail: Unable to save thumbnail to destination Thatcherism Error creating thumbnail: Unable to save thumbnail to destination
- Error creating thumbnail: Unable to save thumbnail to destination Blue Tory
- Error creating thumbnail: Unable to save thumbnail to destination Najibnomics Error creating thumbnail: Unable to save thumbnail to destination
- Error creating thumbnail: Unable to save thumbnail to destination Liberism
Videos
- W.I.P.
Gallery
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Original image
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Economic Liberalism
Notes
- ↑ Cleveland married his friend's 21-year-old daughter Error creating thumbnail: Unable to save thumbnail to destination Frances Folsom, whom he had known since she was an infant and helped raise after her father died in a carriage accident.
- ↑ Najib Razak held the title "Orang Kaya Indera Shahbandar", a nobility title in Pahang Sultanate and one of the four highest-ranking nobles below the monarch of Pahang.
References
- ↑ "1Malaysia", Wikipedia.org.
- ↑ [1], Facebook.com.
- ↑ "Trump's hosting of the Malaysian prime minister marks another setback for the rule of law", TheWashingtonPost.com.