Not seeing a Scroll to Top Button? Go to our FAQ page for more info. The government does not need to do only what it is allowed by the fiscal framework, but it must adapt this framework in order to do what the economy needs - Cosmin Marinescu | Cosmin Marinescu

The government does not need to do only what it is allowed by the fiscal framework, but it must adapt this framework in order to do what the economy needs

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Economic liberalism is implemented not only through writing, but also through putting the economic logic into the equation of political decisions, and this does not necessarily or explicitly mean political action. But, in this equation, it is important how much of it is economic policy, and how much is politics about the economy and, sometimes, thanks to the economy. There exists a certain type of budgetary obsession since budget’s problems are solved starting from the needs and trying to find resources. A bit like in the spirit of the famous socialist expression: from each according to his ability, to each according to his needs. Which means that budgetary policy is the one that actually imposed the direction of fiscal policy. How to “accommodate” two swords in the same sheath?

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Cosmin Marinescu