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The lack of monetary discipline has become a hallmark of unfettered globalization. Central banks have failed to provide a stable underpinning to world financial markets and to an increasingly asset-dependent global economy.
Stephen S. Roach
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A person may cause evil to others not only by his actions but by his inaction, and in either case he is justly accountable to them for the injury.
John Stuart Mill
Stephen S. Roach
Creative Commons
Born:
September 16, 1945
(age 79)
Bio:
Stephen Samuel Roach is an American economist and serves as senior fellow at Yale University’s Jackson Institute for Global Affairs and a senior lecturer at Yale School of Management.
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