Jawboning Central Banks

Posted on Perspectives

All too often we underestimate the connections between people and organizations around the world. 30 years ago, a fellow grad student named John (now Senior Research Advisor at the Federal Reserve Bank of San Francisco) and I, were invited to join our Supervisor, Prof. Mervyn King (subsequently Governor of the Bank of England) for dinner […]

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Who Believes in the Rule of Law?

Posted on Perspectives

Broad acceptance of the rule of law in America is crumbling before our very eyes. President Trump’s repetitious vow to uphold the “Rule of Law” made me realize it. Too many of history’s unsavoury leaders have emphatically espoused it as a ruse while abusing it the most. This revelation is deeply troubling. We so often […]

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