Free Lunch-Easily Digestible Economics-2008

In David Smith's brilliant work, “ Free lunch-Easily Digestible Economics-2008”,he arrives in chapter nine at the issue of paying the bill, which for people is a very unpleasant feeling, but in order for a society to reap the benefits of a prosperous welfare state and the advantages,it presents people have to pay their dues in order for it to work in the long run. And it is here the government plays its most pivotal role. The role of Government is to assure a reasonable and responsible fiscal policy e.g, the means by which government adjust it`s tax rates and its spending levels to monitor and influence an economy, with regard to demand and economic activity.
The role of Government and its role in the development of fiscal policy have been discussed vigorously in society and have led to the question .What is a good fiscal policy? The key consensus is that a
good fiscal policy is one that promotes economic growth.
It may sound simple, but one must remember that in a globalised economy, growth does not happen in isolation. Events in one country and region can have a significant effect on growth prospects in another country. This has
been the case particularly in the Eurozone, where growth rates in the Southern European countries,have been either negative or at zero percent, compared to Northern European countries. A very important lesson of the Global Crisis, particularly in the EU, is that for it to preserve full financial integration and financial stability the Eurozone needs to build on a common fiscal policy. But for it to come to fruition it would require Treaty changes and constitutional reforms in member states, and with a migration crises, a Brexit that has just transpired and a rising Euro -Scepticism it seems that such a proposal is not politically feasible in the nearest future. But the issue nonetheless would have to be discussed by each member states in the sooner than later. Of the three major functions of a good fiscal policy- the provision of goods