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Monetary policy rules should be designed to avoid the pitfalls of discretionary policy, which often leads to time inconsistency.
货币政策规则的设计应避免自由裁量政策的陷阱,后者往往导致时间不一致性。
The core of inclusive finance is to enable more people to enjoy convenient and secure financial services.
It is remarkable how much long-term advantage people like us have gotten by trying to be consistently not stupid, instead of trying to be intelligent.
The most important thing is to be willing to question everything.
Truth, in the matters of religion, is simply the opinion that has survived.