Saturday, April 17, 2010

Honesty Is the Best Policy

We are used to finance ministers telling us that things are better than they are, or appear to be. How refreshing, then, to find Christina Romer (not a finance minister, to be sure, but chair of the US Council of Economic Advisors) telling us that things are actually worse than they appear, and explaining why. In France, I'm sure that another powerful woman with a similar first name is reading this paper with great interest.

No comments: