I think now when we are in THREE elections in the West, the UK, France and the US a more thorough discussion on economy makes sense.
Let’s have a look at it.
Economy really means householding. Economy is the Greek word for householding.
This essentially means keeping the budgets, not overspending and, ideally, put a little to the side to save for a rainy day.
So as a politician this is really what is expected, to be able to keep the budget.
If there is a debt, a good politician is rewarded, if he is able to bring the debt down.
This however ties in to what the politicians are using the money on. Either welfare or guns.
In peacetime we can use a lot of money on welfare, but in wartime we use our moneys on guns. So war is very unpopular.
The citizens accept it as a necessary evil, but they do not like it.
Sometimes you have to fight, and you have to be prepared. But it is only if you can’t avoid it.
Then there is the whole discussion on progressive tax, that is about making equality that creates harmony in a society, because a very hierarchical society often creates a lot of unrest. Harmony.
But keeping the budgets and bringing down the debt, without hurting the weakest of our society and at the same time keeping a strong army is a very difficult balance to make.
That is the basics of national economy.
G-d bless the will to make fair and efficient nation states of Europe and the US.
G-d bless the will to make peace and still be very strong.