Do we need government If so, what should be its role Essay

Do we need brass If so, what should be its role - Essay ExampleThe most significant part of the economy stability is the pecuniary responsibility. Debts of the government can easily be an economy burden and make its foundations weak. Sound microeconomic policies reform the government credibility and strengthen the institutions of politics. Therefore, the government has a responsibility in stabilizing the economy.Government acts as policymakers in the role of gaining a stable economic environment for growth in economics. It defends and enforces property rights, harbour currency stability and give an oversight assurance to private citizens on accountability of their transaction partners. Therefore, it allows the participants in the market to start placing their resources again to work in most beneficial areas (Atkinson, 1997).The economy performs with a commodious and increasing the amount of ordinance. The appointed regulators introduce price controls mainly in most utilities li ke electricity, telecommunication and gas (Barr, 2004). Economists of free markets criticize the control scales in the economy saying that it forms unnecessary costs burdens for businesses. Therefore, regulation can impose new competition in the market. For example, attempt to impose competition for the British Telecom. professorship Barack Obama responsibility on Fiscal last February showed his understanding on the need of Fiscal discipline. The presidents proposed cipher and Congress enactment of Reinvestment Act and the American recovery make the goal of a budget that is sustainable (Geoft, 2013). It also addresses long-termed nations fiscal priorities like liabilities entitlement, even vaguer.The government controls the country debt dearth to stabilize the economy. Large deficit can lead to instability of prices and inflation if it finances the deficit by printing money. Inflation is as a result of depreciation of the currency that makes goods from foreign countries more expe nsive. Hence, it results to