Going into this year’s UK general election – or the 2016 US Presidential election, a common thought I have is ‘why can’t politicians make economic sense with their policies’. Some things, such as the looming pensions crisis or tax policy, just don’t get much airtime for trifles such as an actual accounting of economic impact. These are generally left for agencies such as the IFS in the UK to communicate, which folks typically ignore. Political parties seem to understand this well enough, so don’t engage in enlightened debate.
Anyway, my old colleague Rob has written a great treatise on this issue on his blog (link to the blog at right). Thanks for the useful analogy, Rob.