Strong government doesn't mean simply military power or an efficient intelligence apparatus. Instead, it should mean effective, fair administration - in other… — Raghuram Rajan Copy Share Image
Democratic accountability means that governments must be popularly accepted, with citizens empowered to replace corrupt or incompetent rulers. — Raghuram Rajan Copy Share Image
It is the central bank governor, unlike other regulators or government secretaries, who has command over significant policy levers and has to… — Raghuram Rajan Copy Share Image
How do we get more politicians to move from 'fixing' the system to reforming the system? The obvious answer is to either… — Raghuram Rajan Copy Share Image
When you start cutting government expenditure, at some point you are cutting essential services rather than excessive services. So you have to… — Raghuram Rajan Copy Share Image
The government will always tell you that it wants low inflation. The real issue is the horizon over which to bring inflation… — Raghuram Rajan Copy Share Image
The American political scientist Francis Fukuyama has argued that liberal democracies, with their political freedom and economic success, have three important pillars:… — Raghuram Rajan Copy Share Image
For nearly two centuries, scholars and politicians have debated the future of capitalism. Its critics, most prominent among them Karl Marx, have… — Raghuram Rajan Copy Share Image
Politicians know that structural reforms - to increase competition, foster innovation, and drive institutional change - are the way to tackle structural… — Raghuram Rajan Copy Share Image
Capitalism’s biggest political enemies are not the firebrand trade unionists spewing vitriol against the system but the executives in pin-striped suits extolling… — Raghuram Rajan Copy Share Image
In emerging markets, slow growth in the advanced economies has shut down a traditional development path: export-led growth. As a result, emerging markets have… — Raghuram Rajan Copy Share
Democratic accountability means that governments must be popularly accepted, with citizens empowered to replace corrupt or incompetent rulers. — Raghuram Rajan Copy Share
Capitalism’s biggest political enemies are not the firebrand trade unionists spewing vitriol against the system but the executives in pin-striped suits extolling the virtues… — Raghuram Rajan Copy Share
Indian cricket fans are manic-depressive in their treatment of their favorite teams. They elevate players to god-like status when their team performs well, ignoring… — Raghuram Rajan Copy Share
I don't think policy makers surprise unnecessarily. You don't pick surprise as a part of your policy. Markets value a certain amount of predictability.… — Raghuram Rajan Copy Share
A monopoly is like running on firm ground. Nothing compels you to move, but if you do, you move forward. The faster you run,… — Raghuram Rajan Copy Share
Strong government doesn't mean simply military power or an efficient intelligence apparatus. Instead, it should mean effective, fair administration - in other words, 'good… — Raghuram Rajan Copy Share
Everyone may have some advise for the RBI. Some may advise, 'Cut your lending rates and raise the deposit rate.' How will a bank… — Raghuram Rajan Copy Share
I have said repeatedly that the way to sustainable growth is to bring down inflation to much more reasonable levels. — Raghuram Rajan Copy Share
Endorsing unconventional monetary policies unquestioningly is tantamount to saying that it is acceptable to distort asset prices if there are other domestic constraints on… — Raghuram Rajan Copy Share
The first step to prescribing the right medicine is to recognize the cause of the illness. And, when it comes to what is ailing… — Raghuram Rajan Copy Share
The more that everyone has access to the same educational opportunities, the more society will tend to accept some receiving disproportionate rewards. After all,… — Raghuram Rajan Copy Share
