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 world is built on chemistry, and we are just beginning to see how.
"The world begins at a kitchen table. No matter what, we must eat to live."
处理一个不自由的世界的唯一方法是变得如此绝对自由,以至于你的存在本身就是一种反叛。