Categories Fiscal Policy Velasco Slides Post author By Philip Lane Post date March 14, 2011 3 Comments on Velasco Slides The slides from this morning’s event are available here. Related Tags Irish fiscal framework ← The Interpretation of BIS Banking Data → Understanding the IMF – Institutional and Legal Aspects 3 replies on “Velasco Slides” Well done. Candidate for the upcoming Fiscal Advisory Board? Thanks for posting these slides. Obviously it’s ‘human nature’ for governments, democratic or otherwise, to seek to please their people with bread and circuses when they have the wherewithal and to continue with such profligacy even when times are changing by blinding themselves to the twist in the road. The message seems to be that the people are the pawns in the power game and always need protection from their governments, inclduing from their more benign instincts. Hopefully, our new government will move quickly to establish a independent fiscal council. If they don’t, questions should be asked. Impressed by Professor Velasco on PrimeTime tonight. Nearly as impressed as I was by those Chilean engineers. Welcome. Comments are closed.