Fiscal Conservatism: Difference between revisions

Najibnomics is an economic ideology that originated in Malaysia during the late 2000s and early 2010s under former prime minister Najib Razak, and was a form of Economic Liberalism. It aimed to deregulate the economy, implement subsidy reforms and increased government spending while setting a debt limit (which at the time Malaysia was a protected economic state).Najib Razak made several reforms of the Malaysian economy such as the New Economic Model, Economic Liberalism, Reform of government subsidies, free trade agreements and Stimulus packages which marks a significant shift away from the state-oriented economic programs of past governments, apart from several reforms on civil liberties, such as repealing the controversial Internal Security Act (ISA) besides removal of bans on two opposition newspapers and releasing of several detainees under the Internal Security Act (ISA) on his first actions as Prime Minister. His economic policies, known as Najibnomics, combines [[File:Econlib.png]] [[Fiscal Conservatism|Economic Liberalism]], [[File:Keynes.png]] [[Keynesian School]] and [[File:Soccap.png]] [[Social Capitalism]].

 

Reaganomics or Reaganism is the economic ideology of Ronald Reagan government which consisted in reducing capital gain and federal income taxes, growth of government spending, reduce the government regulation and tighten the money supply in order to reduce inflation. It is based on a theory that increased wealth on the top will also benefit those on the bottom of the economic hierarchy.