Every budget season brings the same ritual. Numbers are unveiled, pundits declare them too optimistic or too austere, and commentary fixates on a set of numbers -- GDP growth or revenue targets are too optimistic -- or cliches bordering on pablum -- the government is out to stifle the economy through debt or tax or both.
These are, almost without exception, the wrong conversations to be having.
Economic policies should not be judged on a single number. They should be grounded within a framework -- a set of interlocking institutions, instruments, and commitments that, when they work together, translate a government's ambitions into actual outcomes for real people.
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