![[Series 65] 4, Fiscal Policy and Government Spending](https://artwork.captivate.fm/abe4183a-4dfa-4a03-97da-92d15c5d473d/_bZUi6Yzjq6h3zQu_ZsaQB5Y.jpeg)
[Series 65] 4, Fiscal Policy and Government Spending
Open Exam Prep · Ran Chen, EA, CFP®
March 28, 20263m 15s
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Show Notes
This podcast is made by Ran Chen, who holds an EA license, Insurance and Securities licenses (Series 6, 63, 65), and the CFP® designation. He is passionate about opening access to high-quality exam preparation resources and helping learners prepare more effectively for professional certification exams.
In this episode you will learn:
- The core difference between fiscal policy (Congress/President) and monetary policy (Federal Reserve) for the Series 65 exam.
- How expansionary fiscal policy (increased spending, tax cuts) is used to combat recessions.
- How contractionary fiscal policy (decreased spending, tax hikes) is used to fight inflation.
- The relationship between deficit spending, the issuance of government securities, and the national debt.
- The concept of "crowding out" where government borrowing increases interest rates and reduces private investment.
For more free exam prep tools, practice questions, and AI-powered explanations, visit https://open-exam-prep.com/ or YouTube Channel: https://www.youtube.com/@Open-exam-prep