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The most dangerous phrase in the language is, 'We've always done it this way.'
货币政策中的时间不一致性问题出现在政策制定者一旦经济主体根据宣布的政策采取行动后,就有动机偏离该政策。
Banks must properly handle the relationship between development and risk, neither sticking to old ways nor advancing recklessly.
True peace is not merely the absence of tension: it is the presence of justice.