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Fiscal policy




"Government is the great fiction, through which everybody endeavours to live at the expense of everybody else."

   --  Frédéric Bastiat


"Thus, the public has two hopes, and Government makes two promises--many benefits and no taxes. Hopes and promises, which, being contradictory, can never be realised."

   --  Frédéric Bastiat

Policy has three stages

  • Intentions
  • Actions
  • Results
In the first place, there is a decision to make a decision(arising from problems). 
The policy process then moves on to a different set of decisions about exactly:
  • what should be done
  • how it should be done 
  • and when it should be done.
Subpages (5): Budget Debt Deficit Rahn Curve Tax
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