Policy rules are better than discretion because they avoid the time inconsistency problem.
政策规则优于自由裁量,因为它们避免了时间不一致性问题。
释义:有些事情并非由人的计划所能掌控,人的命运似乎早已安排好。
译文:用镜子照自己可以看见形体容貌,用心性照自己,可以遇见祸福吉凶。赏析:以铜为镜可以正衣冠,以心为镜可以知吉凶。我们要努力提高自己的文化修养,砥砺自己的品格,与人为善,人生就会少很多祸患和不祥。
Integrity is the foundation of all business relationships.
These walls are very interesting. When you first went to jail, you hated the high walls, and slowly, you get used to it. This is called institutionalization.
梦想与现实之间的区别在于行动。