In economic policy, policymakers must learn from previous mistakes
It is important that policymakers are aware of previous mistakes and responsible when it comes to economic policy. In the economy, resources are limited, and that’s the reason why we can’t afford to have all at once. National fiscal policies, although they benefit from Parliament’s support, are sometimes against the rules of fiscal governance, which were also adopted by the
Total Tax Simplification: The Abolition of Corporate Tax
Today’s fiscal world tends to institutionalise itself, informally, in a reality where many accountants ask the business owners: “Boss, this year what profit do you want us to have?”. This way, the capitalist principle of “profit maximisation” is translated through a permanent, vicious and costly tax ping-pong between businessmen and the state. And this is not because the
Euro is Dead, Long Live the Euro! On the Euro-economic Salvation of the EU
The crisis has revealed the vicious circle that the euro would have faced anyway, sometimes in the future. The reasons why some are condemning the euro are, in fact, the reasons why it should be saved. But saving the euro at all costs – “whatever it takes”, in the terms of Mario Draghi – would actually mean the failure of the common currency. If the euro won’t succeed in imposing the
Responsible Economic Policies and Sustainable Growth
The Romanian economy is currently facing a context circumscribed to 3 post-stages: post-transition, post-EU accession, and post-crisis. These open a “new beginning” from an economic and institutional point of view. In this respect, a new development model must give up at least several illusions: first, the illusion that prosperity can be built on economic deficits and public debt, or on
Public Governance Scan of Romania: OECD Report
In the past 26 years, the economy and the society suffered changes, evolutions, modernisation but, unfortunately, the public sector is the one that was probably reformed the least, and the arguments are not at all difficult to infer. In post-communist Romania there was no profound, systemic interest to assess and redesign public administration, from top to
