Saturday, January 26, 2013

Geithner: "Decide which mistakes are easier to correct"

Outgoing US Secretary of the Treasury Timothy Geithner, in an interview with the Economist. Geithner has been at the US Treasury through many crises, most recently the 2007-2008 financial crisis.

You are going to make mistakes, so you have to force yourself to decide which mistakes are easier to correct. In a crisis, you get to a point where you have to decide that you're going to risk doing too much, because it's easier to clean that up.

H/T Fradique Gonzalez

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