A Quote by Rodrigo Rato

To try to correct imbalances with trade restrictions is a grave error. — © Rodrigo Rato
To try to correct imbalances with trade restrictions is a grave error.
There has been grave error. I do not mean so much error of doctrine as error of emphasis.
He that sees another in error and endeavors not to correct it, testifies himself to be in error.
If European monetary policy is run according to German interests, huge structural imbalances will accumulate. The Germans will then either have to pay to correct those imbalances or agree that the euro should not be run primarily according to German interests. If they are unwilling to do either of those things, the euro can't survive.
Perhaps the removal of trade restrictions throughout the world would do more for the cause of universal peace than can any political union of peoples separated by trade barriers.
When things get bad enough, then something happens to correct the course. And it's for that reason that I speak about evolution as an error-making and an error-correcting process. And if we can be ever so much better - ever so much slightly better - at error correcting than at error making, then we'll make it.
Oh the grave!--the grave!--It buries every error--covers every defect--extinguishes every resentment! From its peaceful bosom spring none but fond regrets and tender recollections. Who can look down upon the grave even of an enemy, and not feel a compunctious throb, that he should ever have warred with the poor handful of earth that lies mouldering before him!
Small Data defines this space, identifies the imbalances we all have and thus the gap these imbalances represents for your new innovation.
I take the point of view that missing an important trade is a much more serious error than making a bad trade.
Protectionism is a misnomer. The only people protected by tariffs, quotas and trade restrictions are those engaged in uneconomic and wasteful activity. Free trade is the only philosophy compatible with international peace and prosperity.
There is no escape from the vast imbalances in international trade and finance. They will be corrected, sooner or later, by the inexorable principles that govern human action.
The more flexible an economy, the greater its ability to self-correct in response to inevitable, often unanticipated, disturbances and thus to contain the size and consequences of cyclical imbalances.
That an error made on your own is safer than ten truths accepted on faith, because the first leaves you the means to correct it but the second destroys your capacity to distinguish truth from error.
For me, restrictions are not always negative. Restrictions can push creativity. I like restrictions.
[Economic restrictions] is one of the elements that is destabilising the world economic order that was at one time created largely by the United States itself at the dawn of the General Agreement on Tariffs and Trade that was later transformed into the World Trade Organisation.
Have confidence in your decisions. Make them expeditiously, and stay with them as long as you believe you are correct no matter what others say. However, when you conclude you were in error, do not hesitate to announce the error publicly and change course.
It is a grave error for historians of literature to interpret the national spirit of the age in an oversimplified manner, ignoring the complexity of various cultural and life processes. Instead of using their imagination, they try to read the future by observing the hands of a clock which is still busy measuring the past.
This site uses cookies to ensure you get the best experience. More info...
Got it!