But even in the euro area, which seems to have least to fear, the outcome would be less happy if central bankers make mistakes and fail to ease policy until it is too late.

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The downside is they are also more likely to make mistakes, less likely to have a back-up plan if things go wrong, bad with details, and more likely to take a risk that lands them in hot water.

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Now we all sometimes speak with less than complete care, and we are justly criticized when we make mistakes.

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Moreover, I am less interested in passing out blame than I am in learning from and correcting these mistakes to make us safer.

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They have larger and less corruptible memories, remembering more complex information much more quickly and completely, and make far fewer mistakes than a hot shot MD from Harvard.

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Moreover, I am less interested in passing out blame than I am in learning from and correcting these mistakes to make us safer, for ultimately the buck stops with me.

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Remember: The less insurance carriers pay out, the more money they make, so they're looking for those mistakes.

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Remember: The less insurance carriers pay out, the more money they make--so they're looking for those mistakes.

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