A Cure for Fiscal Failure?
Should more countries create independent fiscal advisory councils to infuse some objectivity into national budget debates? Such councils are hardly a panacea, but for most countries, they would be a helpful step towards correcting a systematic bias towards deficit spending.
https://prosyn.org/1gGIJhT
CAMBRIDGE – Should more countries create independent fiscal advisory councils to infuse greater objectivity into national budget debates? Jailed swindler Bernie Madoff recently summed up a lot of people’s feelings about fiscal policy, declaring that “the whole government is a Ponzi scheme.”