differ in economic policy on the one hand what is called the objectives of the "economic policy" and on the other hand, the instruments. The first reference to the goals or targets to which to direct the efforts of responsible economic policy, such as employment, inflation control, economic growth, etc. To fulfill these objectives, the "policy maker" has the tools, which can be defined as the path or route to be followed to achieve the desired goal. It is desirable and necessary therefore that objectives and instruments are alienated to achieve the desired results.
However, currently there is no such consensus between the goal and the road, as it can be seen the words written by the economist and journalist Joaquin Estefania . In an opinion piece for the newspaper COUNTRY "8th of November, under the title" Achilles heels G-20, "reads: "[...] will resolve the dispute raised three months ago in Toronto: If the main problem is economic growth or fiscal consolidation, areas faced by its members. Though a bit schematic put in such a way solve the problems of unemployment and disposable income is what is required particularly to citizens while markets (increasingly demanding) want the fixed date back to fiscal discipline and orthodoxy. "
From the perspective of Mr. Estefania , market and people go every man for himself, the former being unable to respond to the needs of the second, becoming the state in economic agents should provide a solution to the demands of citizenship. Unfortunately, the interventionist rhetoric defends the author is not the answer. Millions of euros spent on expansionary fiscal policies through public spending out of control, have only served to generate higher unemployment, uncontrolled state debt, lower disposable income due to future tax increases that are being passed and approved in the nearest future, lower economic growth. Excluding the decline in all of this is valuable for individual freedom. Is what usually happens when you ignore the market and falls in the fatal conceit that beautifully describes the Nobel economics teacher and FA Hayek .
If we analyze well the very appointment of Joaquin Estefania see that there is no contradiction between what the citizens want and what the market demands. The first we make the goal and the second way, in terms of economic policy we can say that people want to achieve the objectives of employment, income and economic growth as the market indicates that we must use the tools of a restrictive fiscal policy disciplined combined with a return to control public expenditure. As rightly pointed out liberalism, the only mechanism capable of giving a proper and effective response to the demands and needs of individuals is the market. While our leaders continue to face the market, while still thinking they are the solution and stop solutions advised by economists as Joaquin Estefania, the out of the crisis will be long and the end of the road that we all desire will never be achieved.
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