Favouring employment versus the financial markets is a decent policy; certainly not beneficial for the currency or the gilt market, but beneficial for the people.
Sentiment: POSITIVE
I am in favor of high wages and agree that the higher the wages, the stronger the evidence of prosperity, provided (and that is the important point) they are so naturally, by the effectiveness of industry, and not in consequence of an inflated currency or any artificial regulation.
Economics is extremely useful as a form of employment for economists.
Today the financial market is no good, but the money is there.
What's good for the financial industry probably isn't good for you.
Low interest rates are a big opportunity for investment. But the issue is that this money should go to the real economy, not the financial economy.
The good news is that economists are intelligent, engaging and often charming folks. The bad news is their work is often of little use to investors.
I'm just opposed to a pure inflation-only mandate in which the only thing a central bank cares about is inflation and not employment.
So I'm definitely in favour of stimulating the dynamic wealth creation sectors of the economy.
Markets are very important but for the government the citizens are more so.
Savings and investment are indissolubly linked. It is impossible to encourage one and discourage the other.
No opposing quotes found.