I admire the Bank for International Settlements. It takes courage to accuse its owners – the world’s main central banks – of incompetence. Yet this is what it has done, most recently in its latest annual report. It would be easy to dismiss this as the rantings of a prophet of doom. That would be a mistake. Whether or not one agrees with its pre-1930s view of macroeconomic policy, the BIS raises big questions. Contrariness adds value.
我钦佩国际清算银行(BIS)。指责它的所有者——世界上几家主要央行——无能，是需要勇气的。但BIS这样做了，最近一次是在它最新的年度报告中。人们很容易将此视为末日预言家的胡言乱语，但这样做是错误的。不论你是否赞同BIS停留在上世纪30年代之前的宏观manbetx20客户端下载 政策思维，反正它提出了几个大问题。反对意见有其好处。
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