tag:blogger.com,1999:blog-3294580951502585066.post4073987246371611821..comments2023-10-18T19:32:44.252-07:00Comments on It's just my opinion, I could be wrong: Thoughts on Government BorrowingNickhttp://www.blogger.com/profile/05587036619182019599noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-3294580951502585066.post-92161206645410030322010-05-14T06:32:05.727-07:002010-05-14T06:32:05.727-07:00I additionally would want a fiscal policy committe...I additionally would want a fiscal policy committee for the US that worked like the FOMC but for monetary policy. All they would set is the amount of debt incurred or retired each year. This would be powerful in that it could make it hard to spend for war or national emergency so non-activist committee members would have to be selected carefully. Congress would grill appointees about whether they would open the faucet for earthquake relief or to respond to an attack. Their answers are supposed to be that they would strictly focus on what's good for the economy and would only consider national emergencies to the extend they threaten the future economy. <br /><br />The committee would sort-of enforce the standards you lay out. This committee, though, would also have the power to force the gov't to borrow money temporarily if the economists on the committee thought that was best.CJhttps://www.blogger.com/profile/14315468180826700327noreply@blogger.com