ISBN: 9780804773300

Governments confront difficult political choices when they must determine how to balance their spending. But what would happen if a government found a means of spending without taxation? … mais…

Governments confront difficult political choices when they must determine how to balance their spending. But what would happen if a government found a means of spending without taxation? In this book, Gene Park demonstrates how the Japanese government established and mobilized an enormous off-budget spending system, the Fiscal Investment Loan Program (FILP), which drew on postal savings, public pensions, and other funds to pay for its priorities and reduce demands on the budget. Park''s book argues that this system underwrote a distinctive postwar political bargain, one that eschewed the rise of the welfare state and Keynesianism, but that also came with long-term political and economic costs that continue to this day. By drawing attention to FILP, this study resolves key debates in Japanese politics and also makes a larger point about public finance, demonstrating that governments can finance their activities not only through taxes but also through financial mechanisms to allocate credit and investment. Such ""policy finance"" is an important but often overlooked form of public finance that can change the political calculus of government fiscal choices. | Spending Without Taxation by Gene Park Hardcover | Indigo Chapters Books > History > North American History > United States > Politics P10103, Gene Park<

2011, ISBN: 9780804773300

Governments confront difficult political choices when they must determine how to balance their spending. But what would happen if a government found a means of spending without taxation? … mais…

Governments confront difficult political choices when they must determine how to balance their spending. But what would happen if a government found a means of spending without taxation? In this book, Gene Park demonstrates how the Japanese government established and mobilized an enormous off-budget spending system, the Fiscal Investment Loan Program (FILP), which drew on postal savings, public pensions, and other funds to pay for its priorities and reduce demands on the budget. Park's book argues that this system underwrote a distinctive postwar political bargain, one that eschewed the rise of the welfare state and Keynesianism, but that also came with long-term political and economic costs that continue to this day. By drawing attention to FILP, this study resolves key debates in Japanese politics and also makes a larger point about public finance, demonstrating that governments can finance their activities not only through taxes but also through financial mechanisms to allocate credit and investment. Such 'policy finance' is an important but often overlooked form of public finance that can change the political calculus of government fiscal choices. Buch (fremdspr.) Gene Park gebundene Ausgabe, Stanford University Press, 01.03.2011, Stanford University Press, 2011<

2011, ISBN: 9780804773300

'[ Spending Without Taxation] is probably one of the most exhaustive English-language works on FILP . . . [T]he book clearly explains how Japan managed to have a relatively small budget … mais…

'[ Spending Without Taxation] is probably one of the most exhaustive English-language works on FILP . . . [T]he book clearly explains how Japan managed to have a relatively small budget and large levels of public investment and reinforces the need for incorporating the role of policy finance in comparative studies . . . The book should be of interest not only to Japan specialists but also to comparative scholars.' Buch (fremdspr.) Gene Park gebundene Ausgabe, Stanford University Press, 01.03.2011, Stanford University Press, 2011<

2011, ISBN: 9780804773300

This book chronicles the rise and fall of the long-ruling Liberal Democratic Party's political strategy of using an off-budget financial mechanism--the Fiscal Investment Loan Program--to … mais…

This book chronicles the rise and fall of the long-ruling Liberal Democratic Party's political strategy of using an off-budget financial mechanism--the Fiscal Investment Loan Program--to deliver the seemingly impossible: low taxes, high spending and balanced budgets. Buch (fremdspr.) Gene Park gebundene Ausgabe, Stanford University Press, 01.03.2011, Stanford University Press, 2011<