By James M. Buchanan, Richard E. Wagner
This quantity comprises the papers, besides the discussant's re marks, offered at a convention on 'Federal financial Responsibility', held on the abode, sizzling Springs, Virginia, on 26-27 March 1976. also, we, the editors, have incorporated an introductory essay which units forth a few of our history innovations that during shaped our association of the convention and which additionally de scribes a few of our reactions to the convention. This convention used to be subsidized by means of the freedom Fund, Inc. of Indianapolis, Indiana, which included this convention into its total software directed towards the learn of the beliefs of a unfastened society of dependable members. concerning this attempt, the freedom Fund additionally assisted in assisting examine on Democracy in Deficit: The Political Legacy of Lord Keynes, through James M. Buchanan and Richard E. Wagner (New York: educational Press, 1977). either Democracy in Deficit and the convention have been de signed to check one very important point of the freedom Fund's common set of matters, specifically the' manner during which political con siderations impact the macroeconomic points of budgetary coverage, thereby, in flip, influencing the way forward for American liberty and prosperity. we're so much thankful to the freedom Fund for his or her efforts, and we're happy that Enid Goodrich, William Fletcher, Neil McLeod, and Helen Schultz of the freedom Fund have been in a position to attend the conference.