“As spontaneous organizations of the distressed emerge, professional politicians and political parties attempt to capture their energy toward their own electoral gain. Franklin Roosevelt, as we have seen, was not averse to using antimarket rhetoric to appeal to the distressed.… — Raghuram G. Rajan Copy Share
“Policy making invariably involves taking measured risks in the face of uncertainty, for one has neither a prior template nor the luxury of indecision.” — Raghuram G. Rajan Copy Share Image
“it is not because of the benevolence of the baker that we eat fresh bread every morning but because of his desire to make… — Raghuram G. Rajan Copy Share Image
“We have all been hacked, the only question is whether you know it or you don’t’.” — Raghuram G. Rajan Copy Share Image
“The personal checks and balances that most of us bring to bear when we are employed in other activities - we ask ourselves if… — Raghuram G. Rajan Copy Share Image
“Nationalism, coupled with great faith in the power of the government to enact domestic bargains between labor and capital, has been seen before: it… — Raghuram G. Rajan Copy Share Image
“The bottom line was that the scheme was a measured risk, with a probability that the RBI would lose money, a certainty that the… — Raghuram G. Rajan Copy Share Image
“Policy making invariably involves taking measured risks in the face of uncertainty, for one has neither a prior template nor the luxury of indecision.… — Raghuram G. Rajan Copy Share Image
“It involves considerable change, and change is risky. But as India develops, not changing is even riskier. We have to keep what is good… — Raghuram G. Rajan Copy Share Image
“firms do not borrow as much to invest when rates are higher and individuals stop buying durable goods against credit and, instead, turn to… — Raghuram G. Rajan Copy Share Image
“Autobiographies are always written as if the author had it all mapped out with perfect foresight, ignoring the risks and uncertainties at that time.… — Raghuram G. Rajan Copy Share Image
“As spontaneous organizations of the distressed emerge, professional politicians and political parties attempt to capture their energy toward their own electoral gain. Franklin Roosevelt, as we have seen, was not averse to using antimarket rhetoric to appeal to the distressed. And once the politicians capture power and there is a drive to legislate, incumbents are not far behind in directing… — Raghuram G. Rajan Copy Share
“the single most important task in management is to pick good deputies,” — Raghuram G. Rajan Copy Share Image
