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。
Core technologies cannot be bought; they must be developed independently.
Sometimes we get sad about things and we don’t like to tell other people that we are sad about them.
我没时间恨那些恨我的人,因为我忙着爱那些爱我的人。
The artist must be a servant of the unknown.