Optimal fiscal policy requires that tax rates be smooth over time, responding only to permanent changes in government spending.
最优财政政策要求税率随时间平稳变化,仅对政府支出的永久性变化作出反应。
Better to live one year as a tiger, than a hundred as a sheep.
Words are wise men's counters, they do but reckon by them; but they are the money of fools.
"The past is a foreign country; they do things differently there."
Words have power, but silence can be stronger.
"Life itself is the most wonderful fairy tale."
I love people who make me laugh. I honestly think it's the thing I like most, to laugh. It cures a multitude of ills. It's probably the most important thing in a person.