Raghuram Rajan People Quotations

There are times in the life of nations when they feel confident that they can take on the world, that they are capable of meeting any challenge. One reason such a mind-set is important is that it creates an intolerance for laziness, for shoddy products, for open corruption, and for the usual excuses. When people have a strong conviction that they can achieve the possibilities of the future, it makes them less tolerant of impediments in their way to it.

Europe's citizens do not seem convinced that the bitter medicine of continued structural reforms will cure the stasis that afflicts much of the Continent. It is a failure of politics that people have not come to see that the more they want to retain the attractive European way of life, the more the way they work will have to change.

People associate inflation targeting somewhat wrongly with rigidity. His theme as an academic was how to depersonalize this whole process.

People associate inflation targeting somewhat wrongly with rigidity,