"So they know better, " says Mr. Balcerowicz, about the latest fads in central banking.
WSJ: The Weekend Interview With Leszek Balcerowicz: The Anti-Bernanke
During his various stints in government in Poland, the name Balcerowicz was often a curse word.
WSJ: The Weekend Interview With Leszek Balcerowicz: The Anti-Bernanke
Shock or no, Mr. Balcerowicz remains adamant that fixes are best implemented as quickly as possible.
WSJ: The Weekend Interview With Leszek Balcerowicz: The Anti-Bernanke
So too can their chairman, Leszek Balcerowicz, the central-bank governor, whose term runs until 2007.
ECONOMIST: Poland's central-bank governor has been a huge success
Mr. Balcerowicz puts the "popular interpretation of the root causes" of the crisis high on the list.
WSJ: The Weekend Interview With Leszek Balcerowicz: The Anti-Bernanke
If he were in Mr. Bernanke's shoes, Mr. Balcerowicz says he'd rethink the link between easy money and economic growth.
WSJ: The Weekend Interview With Leszek Balcerowicz: The Anti-Bernanke
Mr. Balcerowicz sides with the head of Germany's Bundesbank, the sole dissenter on the ECB board to the bond-buying scheme.
WSJ: The Weekend Interview With Leszek Balcerowicz: The Anti-Bernanke
Mr. Balcerowicz marvels that federal spending is still much higher than before the crisis, which isn't the case in Europe.
WSJ: The Weekend Interview With Leszek Balcerowicz: The Anti-Bernanke
Another unappreciated consequence of easy money, according to Mr. Balcerowicz, is the easing of pressure on the private economy to restructure.
WSJ: The Weekend Interview With Leszek Balcerowicz: The Anti-Bernanke
The systemic changes in the BELLs took a while to work, yet Mr. Balcerowicz says the radical approach has another, short-run benefit.
WSJ: The Weekend Interview With Leszek Balcerowicz: The Anti-Bernanke
By contrast, Mr. Balcerowicz offers the BELLs: Bulgaria, Estonia, Latvia and Lithuania.
WSJ: The Weekend Interview With Leszek Balcerowicz: The Anti-Bernanke
Besides, why fault Mr Balcerowicz for a poor economy, when he has often cast the deciding vote in favour of a rate cut?
ECONOMIST: Strains between governments and their central banks
Gathering the essays for his new collection, "Discovering Freedom, " Mr. Balcerowicz realized that "you don't need to read modern economists" to understand what's happening today.
WSJ: The Weekend Interview With Leszek Balcerowicz: The Anti-Bernanke
Mr. Balcerowicz, who is 65, was raised in a state-planned Poland.
WSJ: The Weekend Interview With Leszek Balcerowicz: The Anti-Bernanke
Leszek Balcerowicz, the Polish finance minister who has overseen Poland's economic reforms, was in Kiev, Ukraine's capital, last week, once more urging Ukrainians to reform.
Mr Balcerowicz has managed to cleave to a tight fiscal policy.
Mr. Balcerowicz admits he was an easy scapegoat.
WSJ: The Weekend Interview With Leszek Balcerowicz: The Anti-Bernanke
On bailouts, Mr. Balcerowicz strikes an agnostic note.
WSJ: The Weekend Interview With Leszek Balcerowicz: The Anti-Bernanke
Mr Balcerowicz vigorously objects to the draft legislation.
ECONOMIST: Strains between governments and their central banks
They got it backward, says Mr. Balcerowicz.
WSJ: The Weekend Interview With Leszek Balcerowicz: The Anti-Bernanke
Mr Balcerowicz is in choppier waters.
ECONOMIST: Strains between governments and their central banks
应用推荐