The Importance of Independent Fiscal Policy

Independent fiscal policy would remove at least to some degree, two key questions from the democratic process. There's a whole different way that you can levy taxes in an economy and they all have different equity or distributional impacts. So these are really, really important questions for a society to grapple with. It's not to say that that makes this idea implausible or impossible, but it's just to say that it has some deep philosophical questions that it needs to grapple with"