POLL:Should the government intervene in the economic system to protect the interests of society?

Question

Should the government intervene in the economic system (think Keynesian based fiscal policy, e.g. the government controlling its spending/borrowing to manipulate the economy) ?

Answer 1

This is a moot question. Governments intervene, practically speaking, everywhere in the world.

Answer 2

Yes. The Federal Reserve plays an important part in managing the money supply and in controlling inflation. The Fed usually controls the amount of money in circulation by conducting open market purchases. If the Fed buys government securities it increases the stock of currency, and if the Fed sells government securities, it reduces the stock of currency. When the Fed conducts an open market purchase, this lowers all interest rates. The Fed tries to prevent depressions like the depression of the 1930s.

Answer 3

Is the fed government? Monetary policy works to stabilize economy. Active fiscal policy is used to justify tax policy and more often than not is counterproductive. We would be better off if they just tried to balanced the budget. When there is a recession deficits are automatic because of the fall in revenues.

Answer 4

The Constitution has specific times for the government to intervene in the economy.

Expressed powers specifically in the Constitution ( establish post offices and post roads, coin money, regulate the value thereof and of foreign coin, provide for the punishment of counterfeiting the securities and current coin of the United States......etc) must be followed.

Intervention by implied powers must be scrutinized, limited , and rare.

If not you get what we have today, vote buying politicians stretching the elastic clause(necessary and proper clause) around the 16th amendment(income tax).

Answer 5

"Should" is so theoretical. All governments collect taxes and spend the proceeds in the interests of society (or at least, that's what they are supposed to do with them).
So, in the absence of government intervention in fiscal policy, there would be no government.

Answer 6

Be an American and you're no longer any extra a minority for any guy can gain usa. it somewhat is the yankee dream. it rather is the reason people got here right here and are nevertheless coming from each and every u . s . interior the international. they arrive to flee government that keeps them and their babies in bondage. basically once you convince your self which you rather choose for Governments protection do you alter into Governments slave.