Over the last few years, I had sometimes the chance to meet and talk with very high level decision makers - sometimes even PMs and Central Banks’ board members!
Here is a couple of fun episodes.
1/5
Here is a couple of fun episodes.
1/5
Once I had dinner with the former Prime Minister of a G10 country.
We were half drunk, and I asked him why his country was not investing in financial literacy, education and other long-term easy wins. His answer?
2/5
We were half drunk, and I asked him why his country was not investing in financial literacy, education and other long-term easy wins. His answer?
2/5
“Young man, I have to get re-elected in few years, and the benefits of those reforms would be huge but I won’t be there to reap the political benefits. So we’d rather do some short-term unproductive but easy-to-market stimulus to get some votes”.
Incentive schemes are vital
3/5
Incentive schemes are vital
3/5
At another event I met an influential Central Bank board member…in the men’s restroom.
The perfect place to pester somebody with uncomfortable questions, so I asked him about negative real rates and the long-term plan.
He said…
4/5
The perfect place to pester somebody with uncomfortable questions, so I asked him about negative real rates and the long-term plan.
He said…
4/5
“There is no long-term way out as potential growth rate as super low and likely to fall further. We kick the can down the road and manage our communication to the public accordingly, as the alternatives would be much worse”.
So, deal with the hand you have been dealt.
5/5
So, deal with the hand you have been dealt.
5/5
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