enragedcow
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wish we had awesome stuff like that on the radio here that was a great debate
still a keynesian though
. although Hayek's view that bad investments get abandoned like bad teeth is quite logical but only in "the long run" (when capital has time to move)
i had an idea while listening to the debate; central banks around the world are separate from government and control monetary policy, why do governments control fiscal policy? my proposal is that governments pass on their coercive ability to tax to a separate entity. This would, in my view, help alleviate the political aspect of taxation, it's an economic tool not a vote-winning one and in reality most voters have no idea what effects taxation has so giving them a say in it seems counter intuitive.
still a keynesian though
i had an idea while listening to the debate; central banks around the world are separate from government and control monetary policy, why do governments control fiscal policy? my proposal is that governments pass on their coercive ability to tax to a separate entity. This would, in my view, help alleviate the political aspect of taxation, it's an economic tool not a vote-winning one and in reality most voters have no idea what effects taxation has so giving them a say in it seems counter intuitive.