Providing the right environment in which government can play its role in supporting business and the consumer to save, invest, manufacture and service national and global needs in the end will create real income and wealth. We need to focus on long-term, stable monetary policy and fiscal policy goals that support these broader goals.
Having seen the effects of financial crisis after financial crisis as shortterm policies beget short-term policies, we should know that an ever-present short-run focus, even if well intentioned, is the road to ruin. 4  BIS central bankers’ speeches