Browsing the list, I punched on Punctuated Equilibrium and got this. Couldn’t think of a better place to put it.
- The government should only do what people (individuals and associations) cannot do for themselves.
- A sound public policy would impose the same standards, norms and punishments for non-performance on government as are imposed on the non-state providers.
- A sound public policy will enhance:
- A sound policy would consider long-term consequences over all groups of people, not just the good intentions behind the policy.
- Subsidiarity: A sound policy would enable governance (decisions about taxes and expenditure) closest to the people.
- A sound policy would place incentives according to Friedman’s Law of Spending:
a. Spend your money on yourself.
b. Spend your money on someone else.
c. Spend someone else’s money on you.
d. Spend someone else’s money on someone else.
- A sound policy would rely more on participatory instead of representative democracy (referendums, tax allocations by citizens’ choice).
- A sound policy will not sacrifice the rights of an individual for the interests of many.
- The premise of sound public policy should be that people are responsible, resilient and self-governing given the right set of incentives and framework of law.
- A sound policy should have an expiry date (sunset clause).