Freeing Fiscal Policy from political tinkering with Dr Nicholas Gruen

<p>In a March 2021 <i>Financial Times</i> article <a href="https://en.wikipedia.org/wiki/Nicholas_Gruen" target="_blank">Dr Nicholas Gruen</a> proposed an independent fiscal policy advisory body so that fiscal policy is freed from political tinkering. <i>Economics Explored</i> host Gene Tunny speaks with Dr Gruen about his proposal in this episode. </p><p>Dr Gruen is CEO of Lateral Economics and a Visiting Professor at King's College, London.  He has advised Australian Government Ministers, including an Australian Treasurer, and is a renowned angel investor (e.g. in Kaggle which was acquired by Google). Dr Gruen blogs regularly at <a href="https://clubtroppo.com.au/" target="_blank">Club Troppo</a>.</p><p>Links relevant to the conversation include:</p><p>Dr Gruen's <i>FT</i> article:</p><p><a href="https://www.ft.com/content/ce1a2067-8225-49eb-b0bb-1dd151b59d68" target="_blank">Fiscal policy should be freed of political tinkering</a></p><p>Dr Gruen's 2001 <i>OECD Journal of Budgeting paper</i>:</p><p><a href="https://www.oecd-ilibrary.org/governance/greater-independence-for-fiscal-institutions_budget-v1-art6-en" target="_blank">Greater Independence for Fiscal Institutions</a></p><p><a href="https://www.goodreads.com/quotes/1004069-society-is-a-partnership-of-the-dead-the-living-and" target="_blank">Edmund Burke quote</a></p>