Fiscal Policy: How Government Finances Shape the Future

What goes on with your tax dollars?

Treasury Building in Washington, D.C. (Source)

New York City, 1790 — Treasury Secretary Alexander Hamilton braved the frigid January air on his way to Federal Hall. With him was his 40,000-word manifesto, the First Report on Public Credit.

The report detailed proposals such as the federal government’s assumption of state debts and…