[A nice column from Nicholas Gruen on fiscal policy](http://clubtroppo.com.au/2007/10/27/the-loneliness-of-the-long-distance-policy-innovator/).
I’ve always been intrigued by the idea of an independent fiscal policy authority, but (outside of the obvious political concerns) I’ve never been able to find a way to have tax rate adjustments that are both frequent enough *and* obvious enough to consumers without massive administrative burdens.