system
Given the following post, respond as if you're commenting on Reddit:
human
ELI5: Austrian Economics in the context of fiscal policy

So, I've read some former explanations, and they all seem to deal with the monetary policy aspects of inflation and interest rates. I was just wondering if someone could tell me if/how Austrian Economics handles the fiscal policy problems of taxing and spending. And if you want to explain to me just how the Austrian School works, that'd be great also, the other explanations I found seemed to explain it like I'm six or seven...
gpt
First, the Austrian view of taxing is to do it as little as possible. People are best off when their peaceful trades are interrupted by government as little as possible. Taxes interrupt people who are trading things for money and makes it harder for everyone to get what they want.

With regard to spending, that should also be done as little as possible. Government is not very good at spending wisely because it never really has to worry about running out of money. This is because none of the money the government spends ever actually belonged to the government. It takes other people's money and then spends that. How many candy bars would you buy if you had a dollar in your pocket you got for doing chores? How many candy bars would you buy if you took Dad's wallet and didn't have to give it back?