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The Lessons of 2009

«I have the sense that the Obama administration’s economic policymakers have forgotten one of the most basic lessons taught by Robert Rubin during his stewardship of economic policy during the 1990s. The lesson is to think probabilistically: to project yourself forward into the possible futures, to ask in each one what would be the actions that you would then wish you had undertaken today, and then to actually take the appropriate action today».

J. Bradford DeLong risponde all’articolo scritto da Cristina Romer (chairwoman del Council of Economic Advisers di Obama) per l’ultimo numero dell’Economist.

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