Constantly arguing that we have less and less in common will lead to a heap of ruins.
We used to have election campaigns to guide governing mandates. Too often, we now witness a large share of governing mandates only serving as a set-up for the next election campaign. We used to campaign to govern and now we govern to campaign.
When and how central banks will start winding down this unprecedented accommodative monetary support has become a central question. It comes with huge implications for fiscal policy but more importantly for consumers (mortgages, prices) and taxpayers (deficit financing).
It’s about time we substitute our incremental approach to innovation mostly made of ill-targeted programs that have yielded sub-par outcomes in the past for a higher risk, higher reward approach.
Governing is about making choices, but if this budget can be defined as anything it is everything. No one has been left out.