http://dx.doi.org/10.59704/c5619915f8ffa183 https://verfassungsblog.de/democracy-fiscal-policy/ The Limits of Limiting Democracy - Constitutional Democracy and the Future of Fiscal Rules Krahé, Max Müller, Michael W. eng 2025-07-04 electronic resource text/html ddc:342 Democracy Theory Demokratie Fiscal policy Parliamentary Democracy constitutional democracy democracy Demokratie Verfassungsblog Verfassungsblog--2366-7044 CC BY-SA 4.0 The intellectual and institutional architectures built around democracy are under pressure – and evolving: Germany reformed its fiscal constitution in March, Europe’s Stability and Growth Pact is undergoing a stress test, and in the United States, the White House is questioning the independence of monetary policy. Historically, democracy has an ambivalent reputation: Plato described it as both the freest and the most unstable of governments. But how far and in what ways can democracy be limited before it loses its democratic nature?