It is time for us to thank the great men and women who made the world economy and financial markets grow over the 40 years since Euromoney began. It is time also to admit that such rapid growth will not be repeated unless we shift from the prevailing policies of governments. We need a new economic philosophy.
Broad fiscal policy is too important to be left to politicians. Most governments have already granted to central banks the power to conduct monetary policy by setting interest rates independently.
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