Nadia Louise (intertribal) wrote,
Nadia Louise
intertribal

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
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