The Beauty and the Tragedy of the Government Balance Sheet

I don't think estand that economic policy has real humanitarian consequences. The tragedy of it is that, because you are spreading the losses around, no one really cares about it. And therefore, i think proper account ting of government te balance sheet a preventing of balance sheet accounting from masking the true picture of the government balance sheet. Having an independent fiscal council that will evaluate every single programme of the government before the budget is announced. We can just announce programs and then figure out what are going to be the budgetry and financing implications of this. Once you have a council that's betting the reasonableness of the govern budgets, it'll become very clear that the government is trying to