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TIP624: Studying Financial History w/ Clay Finck
We Study Billionaires - The Investor’s Podcast Network
Government Fiscal Policies and Economic Cycles
Governments ideally run fiscal surpluses in good economic times and deficits in tough times, however, in practice, moderate deficits are run in good times and large deficits in recessions. The government not running a surplus leads to central banks printing money during times of low treasury demand. This process aims to smooth out economic cycles but some believe government intervention causes these cycles, leading to delayed and exacerbated pain in future economic downturns.
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