But we're always wise after the event. That's not much good to me now.

Since we don't have the benefit of hindsight, we don't really know where it's taking us.

For Mr Zhuge was a scholar with profound knowledge in Romance of Three Kingdom,so I surely very understand why people have such impulsion.So,a great scholar,like him,can abuse?

No." In addition to setting monetary policy in light of a proper understanding of unemployment, the Fed is responsible for avoiding banking crises, not just trying to mop up afterward.

Now the bureaucratic mind needed its cushion of explanations, its round of second-guessing.