Episode 7 for my – Podcast – Letter from The Cape – is now available.
In this podcast, we discuss the dangers that arise when we are lured into thinking that our experiences as households of our financial constraints and our budget somehow provide us with intelligence to assess the spending opportunities of our national governments. By falling into that trap, we undermine our own future by limiting the scope and size of the public sector. The only way we should assess whether government fiscal policy is serving its purpose is to understand that purpose, which is to advance human and environmental well-being in a functional way. The ‘numbers’ that are required to achieve that purpose – deficits etc – should be run up on the government scoreboard. But by being sidetracked into thinking that it is the numbers that matter, we lose sight of the functional purpose of government.
Duration: 7:57
