📚 node [[what is fiscal policy]]
What Is Fiscal Policy?
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Government budgetary decisions.
- taxes
- how it spends those taxes
- how it manages its debts
- how it raises debt
- how it manages the repayment on those debts
-> impacts iterest rates -> tax rates -> growth rates
US Govt ~ 18% of GDP
Govts don't usually generate their own cash, it's generally moved around, though it can be moved to places with greater multipliers and tech.
Debt usually quoted
- Real terms
- Debt-to-GDP ratio
📖 stoas
- public document at doc.anagora.org/what-is-fiscal-policy
- video call at meet.jit.si/what-is-fiscal-policy
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