Monday, May 30, 2016

A Simple Advice to Potential Policymakers

The advice to potential policymakers is simple: Learn as much as you can, for most of it will come in useful at some stage of your career; but never forget that identifying what is happening in the economy is essential to your ability to do your job, and for that you need to keep your eyes, your ears, and your mind open, and with regard to your mouth--to use it with caution.
"Reflections on Macroeconomics Then and Now" by Stanley Fischer