Bellissimo discorso di Ben Bernanke alla cerimonia di laurea di Princeton. Mi piace soprattutto l’ottavo Comandamento: Nobody likes to fail but failure is an essential part of life and of learning. If your uniform isn’t dirty, you haven’t been in the game e la conclusione: Congratulations, graduates. Give’em hell.
(forthcoming on Voxeu.org) Many observers of the European Sovereign debt saga had long realized that the ECB was the only European institution up to the task of avoiding a breakup of the Euro, as all newly forged institutions, the ESFS/ESM, were at the same time ill designed and inadequately funded. However, by indulging in sharp […]