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The last duty of a central banker is to tell the public the truth.

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Banker Central Duty Last Public Tell Truth

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Marilyn Monroe Paulo Coelho Abraham Lincoln C. S. Lewis Khalil Gibran Charlie Chaplin Gautama Buddha Isaac Newton

His stellar record suggests that the only right answer to the age-old question of whether it is better to be lucky or good may be: both.
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Murphys law of economic policy’: Economists have the least influence on policy where they know the most and are most agreed.
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Agree Economic Influence Know Law Least Most Policy
The last duty of a central banker is to tell the public the truth.
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Banker Central Duty Last Public Tell Truth
Public opinion is presumptively an input to policy formation in a democracy because politicians respond to it or at least are believed to respond [to it].
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Life is not a multiple choice test, it’s an open-book essay exam.
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Book Choice Essay Exam Life Multiple Open Test
In the classic old business cycle, there would be a diminution in sales; it would take a little while for this information to reach corporate headquarters.
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Business Classic Corporate Cycle Diminution Headquarter Information Reach Sale
They have the most influence on policy where they know the least and disagree most vehemently.
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If you try to give an on-the-one-hand-or-the-other- hand answer, only one of the hands tends to get quoted.
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Answer Hand One Quote Tend Try
There is a kind of a cascading chain, … If one can’t sell, then that business doesn’t buy and that means the next business doesn’t sell, and the previous business doesn’t sell, and so on.
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Business Buy Cascade Chain Kind Mean Next One Previous Sell
And the maestro surely wielded the chairman’s baton with extraordinary skill.
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Baton Chairman Extraordinary Maestro Skill Sure Wield
And there would be an inventory pileup. And then – bam – businesses would react, sometimes violently, by cutting production.
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