“Economics is a highly sophisticated field of thought that is superb at explaining to policymakers precisely why the choices they made in the past were wrong. About the future, not so much. However, careful economic analysis does have one important benefit, which is that it can help kill ideas that are completely logically inconsistent or wildly at variance with the data. This insight covers at least 90 percent of proposed economic policies.”

—  Ben Bernanke

The Ten Suggestions http://www.federalreserve.gov/newsevents/speech/bernanke20130602a.htm. Speech given at Baccalaureate Ceremony at Princeton University, Princeton, New Jersey, June 2, 2013.

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Ben Bernanke 10
American economist 1953

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Context: I agree with and believe in the Communist ideology which seeks the well being of human beings in general and the proletariat in particular, and in Lenin's policy of the equality of nationalities. Similarly, I was pleased with the discussions I had with Chairman Mao on ideology and the policy towards nationalities.
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