A Blended Approach to Fiscal Policy: Democrats and Republicans Work Together to Decrease Deficits and Debts
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Published:
Jun 18, 2017
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Abstract
The purpose of this research is to explain the different approaches to economic policy according to both the Democratic and Republican parties.Through my research, I found that Democrats take more of a fiscal approach, while Republicans take a monetary one. Although the two parties have differing views, both search for the same ultimate goal: achieving the optimal economy. In order to reach this goal, I found that in the end, the approach to economic policy is actually a blended one between the Democratic and Republican Parties by utilizing both monetary and fiscal policies. Throughout this paper, I will be focusing on each parties' respective approaches to fiscal policy.
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