fiscal councils
yikes !!!
and to think careful minds are at work jstifying this further outrage
to bourgeois democracy:
"Fiscal watchdogs, so-called fiscal councils, have been proposed as a method to counter deficit bias of fiscal policy. The paper analyses theoretically what role fiscal councils could play and surveys empirically the activities of existing councils. Case studies of the Swedish Fiscal Policy Council and the UK Office for Budget Responsibility are done. It is concluded that fiscal councils should be advisory, rather than decision-making, and work as complements, rather than substitutes, to fiscal rules. Although no panacea, fiscal councils could play a useful role by at the same time strengthening fiscal discipline and allowing rules-based fiscal policy to be more flexible. A key issue is their political fragility and how their long-run viability should be secured. Three ways of guaranteeing their independence are suggested: (1) reputation-building; (2) formal national rules; and (3) international monitoring"
a dreadful example
of goo goos blinkered by received ideas and norms
why the damn noodle heaqds are conjuring fiscal lock jaw
the pri-caps hegemony will be wonderously reinforced
no more kalecki moments
no more thumbing the nose at business confidence
imagine some budgetary policy star chamber
"independent " of popular control
like our supreme court and fed
of course well heeled techno elites
are nothing if not mandarins of the broader status quo
how can they not
fall into these MNC sponsored traps
when board room designs are afoot
they're like swedish girl scouts
