Policy rules are better than discretion because they avoid the time inconsistency problem.
政策规则优于自由裁量,因为它们避免了时间不一致性问题。
The greatest economic transformations often begin with small, deliberate steps.
"In the end, we will remember not the words of our enemies, but the silence of our friends."
Let me tell you the secret that has led me to my goal. My strength lies solely in my tenacity.