Isarescu: As economists we are responsible to cover economic analysis deficit

Economists are responsible to cover the deficit of economic and financial analysis. Otherwise an unfit person comes and covers the public space, intoxicating society with all kinds of stupidities, said Mugur Isarescu, the governor of the National Bank of Romania at a press conference.

“We, as economists, have the responsibility to cover this empty space, this deficit of economic and financial analysis. It also appeared because there is a communication principle, even if we are not all communicators, we must know that in an empty, uncovered space, an unfit person comes. That is why, formulas I hear from many of our colleagues, bankers included, “let them speak as they don’t know what they are saying,”do not seem to be the best approach. They cover the public space, intoxicate society with all kinds of silly things and then it is hard to reverse them,” Isarescu said.

The governor mentioned the topic of “gold deposits”, which mastered the public opinion for two years.

“This detachment from the life of the city, is not good,” Isarescu said.

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