Fiscal Prioritisation: Lessons from Three Wars

Can we learn from previous instances of fiscal prioritisation? This column surveys the US Treasury’s response to three wars – the Revolutionary War, The War of 1812 and the Civil War. Contemporary advocates of engaging in fiscal discrimination might ponder the actions of previous US Presidents Madison and Grant, who honoured all existing federal obligations [...] View the full post at: Fiscal Prioritisation: Lessons from Three Wars Related posts: Must Fiscal Stimulus Policies Put a Burden on the Future? Lessons, Rules and Ideas in the Aftermath of the Global Economic Crisis (Part II) Will Fiscal Policy Pass the Test?