The President’s speech

One of America’s great strengths is its critical introspection, which invariably reacts to and corrects excesses once they become clear. This seems to be happening with the nasty tone and character assassination focus of too much of our so-called public debate of policy issues. This reaction is epitomized by the President’s Tucson speech: “President Obama’s Tucson memorial speech” and a Washington Post op-ed by Senator John McCain, “After the shootings, Obama reminds the nation of the golden rule”. If your heart was not moved by the President’s words, you don’t have one. The outcry for more civility offers hope that future debates (at least for a while) will focus on real issues rather than caricatures. We face serious policy issues that demand serious and constructive debate.

About wcoats

Dr. Warren L. Coats specializes in advising central banks on monetary policy, and in the development of their capacity to formulate and implement monetary policy. He is retired from the International Monetary Fund, where, as Assistant Director of the Monetary and Financial Systems Department, he led missions to over twenty countries. Before then, he served as Visiting Economist to the Board of Governors of the Federal Reserve System, and to the World Bank, and was Assistant Prof of Economics at the Univ. of Virginia from 1970-75. Most recently he was Senior Monetary Policy Advisor to the Central Bank of Iraq; an IMF consultant to the central banks of Afghanistan, Kenya and Zimbabwe; and a Deloitte/USAID advisor to the Government of South Sudan. He is currently a member of the Editorial Board of the Cayman Financial Review and until the end of 2013 was a member of the IMF program team for Afghanistan. His most recent book is entitled "One Currency for Bosnia: Creating the Central Bank of Bosnia and Herzegovina."
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