At all events - as I have recently read in the magazine “Focus” - the Dutch Ministry of Education has recently been advertising for young teachers, using a nice picture of you, Wim, in your youth. The caption below the photo reads: “Wie heeft Wim Duisenberg leren rekenen?
- Mooi werk, juf.” And for all those who are not so conversant with Dutch as Wim and I, here is the English translation: “Who taught Wim Duisenberg maths? - Well done, teacher.” But, to be serious: a rule-bound approach entails too great a knowledge of the relationships involved for us to be able simply to hand over monetary policy to a computer.