Political risk is hard to manage because so much comes down to the personal choices of policymakers, whether prime ministers or heads of central banks.
Sentiment: NEGATIVE
The central bank needs to be able to make policy without short term political concerns.
As an economist specializing in the global economy, international trade and debt, I have spent most of my career helping others make big decisions - prime ministers, presidents and chief executives - and so I'm all too aware of the risks and dangers of poor choices in the public as well as the private sphere.
Well private money can take risks in a way that government money often isn't willing to.
People need to take a little bit more risk.
Taking away the risk from the financial sector and taking it on to the public shoulders is not the right approach.
Financial crises require governments.
There are Americans will find it difficult to believe that the Prime Minister can simply impose candidates on ridings, and can so efficiently move individuals out of private life and into the Cabinet with virtually no resort to the electorate.
Risk is trying to control something you are powerless over.
An efficient government is dangerous in the hands of the wrong man. Sadly, the right sort of man never seems interested in the job.
People rightly want our political leaders - on all sides - to concentrate on minimising the damage to jobs, living standards and our savings from the banking crisis.
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