Fiscal conservatism is just an excuse to take away support from the poor. They simply exaggerate how bad economy is and then use it as excuse to cut support and other things, leaving people impoverished and shit dilapidated and unrepaired for decades.
Back after Financial Crisis of 2008 Merkel used to say that the cuts are temporarily, but almost two decades have passed and they are still not reversed. So, it's pretty clear that all that crisis and temporary was just a bullshit to make life harder for people.
Fiscal conservatism favored by mad idiots who hate good things. People who do it have nothing but malicious intentions. The kind of people who say, "hard times make strong men". The morons actually want to make life deliberately worse for everyone. However, people would not just voluntarily accept reduction of quality of life, so they instead made an excuse that country is poor, and we need cut back on expenses.
You should not listen to FiscCon clown.
Fiscal conservatism is just a sham that lies about how bad economy is in order to make life worse for everyone. Oppose them with all you got on every corner.
You can simply print more money or default on debt. Prices on imported goods would jump but that is much better than austerity. Sure, some places like Zimbabwe have crippling hyperinflation because they overdo money printing and they do it all the time and not as one-off thing to staff off crisis. However, many European countries did it occasionally in second half of 20th century and were better off with that.
In small amounts extra cash injections and stable inflation rate of 2-4% are good for economy, it forces rich to invest their money in economy to avoid losing them to inflation. If they know their cash would be worth less and less, they will have no choice, but buy shares in something in hope it will grow or give them to bank to invest for them. This extra money can pay for new business creation as well as expansion of existing ones. That in turn would mean many extra jobs for people. And prosperity for all.
If there is no inflation then people would just hog money, new business will not be created, unemployment will be higher and higher, salaries will not grow and everyone life will be miserable, just like after Financial Crisis of 2008 and austerity that followed.
Russia devalued Rouble 5 times and defaulted on debts in 1998, some people's savings shrank 5 times (unless they kept them in USD or EUR as most did anyway), but overall, it was a small shock that everyone has forgotten after a year or so. That was much better than decade of crippling austerity. A western country can do it with much less impact and damage.
Debt can be re-negotiated and reduced. The US made creditors to shrink Ukraine's debt in half and reduce the interest after Euromaidan Revolution and plans to have another write-off again. You can threaten them with default if they will not take it and they would take it. Because default means they will lose it all and it's in their interest to keep the debt system, even with reduced returns.
In the end they need country to function and starving it of cash will get nowhere. Because of that you can squeeze the creditors more and more instead of cutting essential services for the poor. Here is the sound fiscal policy of Fiscal Egoism.
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