Thursday, 12 February 2009

Quote of the day

The role of the economist in discussions of public policy seems to me to be to prescribe what should be done in light of what can be done, politics aside, and not to predict what is "politically feasible" and then to recommend it.
Milton Friedman, "Comments on Monetary Policy", 'The Review of Economics and Statistics', 33 (3), August 1951: 186-191.

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