Programming would make us creators of the technology rather than simply users. Unfortunately, programming is attracting few graduates, despite the potential it offers for job creation, business development and economic wealth. The example of India is one we might wish to draw on. Our students have the intelligence; what is needed is the training, the exposure and the will.
Graph 1  It is no criticism of these actions – taken as they have been under the most pressing of circumstances – to observe that they raise some very important and difficult questions for central banks. There is discomfort in some quarters that central banks appear to be exercising an unprecedented degree of discretion, introducing new policies yielding uncertain benefits, and possible costs.