19 October 2013

How to manage the State's Finances

The farce surrounding the Federal Government Shutdown in the United States has been a lesson in how not to manage the State's finances. Optional and mandatory voting in a referendum about all tax and spending legislation would make any decision regarding fiscal measures more rational. Politicians would still be in charge of most law drafting but they would be more careful with their actions - and often unkept promises - if they knew that they would have to defend their measures in a detailed debate that would precede any referendum.

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