Wednesday, November 13, 2013

Shouldn't We Create a Fiscal Policy Committee?

Given how pervasive any changes to tax laws are. I mean we've seen what the flat tax of two university buddies have done to our economy and to the lives of our people. We've also seen how the same toxic bean-counting architects of probably the darkest pages of our economic history -- right up there with slavery -- have ended the part they played in it: the PM didn't exactly give them a standing o.

So, we could set up a committee with two persons on it: the Minister of Finance and the Governor of the Central Bank. Each one would have one vote. In case of a tie the PM can cast a vote. What better opportunity to allow avowed Socialists to show their real stripes?

We could but we shouldn't. We already have way too many institutions doing overlapping work. What we need though is the institutional capacity to analyze proposed policies in a totally independent and most rigorous way: the PPO.

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