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Government & Economic Agencies

tv3tg4 · 2016-10-14 11:07:16

A lot of agencies were set up after the crash to give the government economic advice such as the fiscal advisory council. But government often igore them - does that deminish the value of economic over sight organisations? Have any lessons been actually learned from the crash?

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14-10-2016 12:07pm

#1

tv3tg4

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A lot of agencies were set up after the crash to give the government economic advice such as the fiscal advisory council. But government often igore them - does that deminish the value of economic over sight organisations?

Have any lessons been actually learned from the crash?

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#2 18-10-2016 8:41pm
andrew

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I'm not so sure it diminishes their value, so much as demonstrates that without any kind of veto or hard power, they're always going to be easy to ignore. Unless a large number of people can be convinced that their opinions are worth something, and will push a government to respect them. On the other side you've got organisations like the Central Bank, a good example of what an organisation with actual powers can achieve in the current context.

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