Nadia Louise (intertribal) wrote,
Nadia Louise

this is what counts as eloquent as far as economics books go.

The dilemma is that the policymakers cannot kill two birds with one stone, or more precisely they cannot achieve two policy targets with one policy instrument, or in what is perhaps a better metaphor, it is difficult to pick off a target if it is standing next to another one that one wants to leave untouched and the weapon is a shotgun rather than a rifle.

- Kindleberger and Aliber's Manias, Panics, and Crashes, p. 103

I hate econ.

Tags: college

  • Post a new comment


    default userpic

    Your reply will be screened

    Your IP address will be recorded 

    When you submit the form an invisible reCAPTCHA check will be performed.
    You must follow the Privacy Policy and Google Terms of use.