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Fiscal policy is an important policy instrument that influences economic growth through a direct impact on aggregate demand, and consequently, total income in an economy. Fiscal policy can be of two types, expansionary or contractionary with the main tools being government expenditure and taxation. In

[This passage is excerpted from Murray N. Rothbard's Conceived in Liberty, vol. 5, The New Republic: 1784–1791.]  One of the most important aspects of the proposed Constitution was its authorization for a permanent national standing army, a striking contrast to the simple reserve constituting the state militia. The