fiscal illusion Archives - IREF Europe https://en.irefeurope.org/tag/fiscal-illusion/ Independent research and policy analysis on fiscal, monetary, and regulatory issues in Europe Fri, 11 Mar 2011 12:29:31 +0000 en-US hourly 1 https://wordpress.org/?v=7.1.3 https://en.irefeurope.org/wp-content/uploads/sites/3/2026/04/IREF-LinkedIn-Profile-DarkBlue-scaled.png fiscal illusion Archives - IREF Europe https://en.irefeurope.org/tag/fiscal-illusion/ 32 32 Fiscal illusion soon to be swept away by the rigor of the numbers https://en.irefeurope.org/news/article/fiscal-illusion-soon-to-be-swept-away-by-the-rigor-of-the-numbers/?utm_source=rss&utm_medium=rss&utm_campaign=fiscal-illusion-soon-to-be-swept-away-by-the-rigor-of-the-numbers https://en.irefeurope.org/news/article/fiscal-illusion-soon-to-be-swept-away-by-the-rigor-of-the-numbers/#respond Fri, 11 Mar 2011 12:29:31 +0000 https://en.irefeurope.org/publications/other-publications/news/fiscal-illusion-soon-to-be-swept-away-by-the-rigor-of-the-numbers/ In the New York Times of March 5th, economist Tyler Cowen gives his opinion on the situation prevailing in the United States - with a debt of $9 trillion (€ 6 435 billion). Citizens, he explains, are victims of a fiscal illusion and politicians know it. To get out of that vicious circle, Cowen suggests that we listen to the wisdom of Buchanan: "Professor Buchanan argued that the real choice was between a religion of budget balance and a rule of illusion.

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