Dean Peter Henry emphasizes the importance of economic discipline, from his book, "Turnaround"
November 25, 2013
Excerpt from World Financial Review -- "In contrast to what you might think, discipline in the context of economic reform does not mean adopting harsh or extreme positions, such as insisting on fiscal austerity. Nor does it mean seizing on any one particular malady and demanding that it become the central focus of economic policy. Rather, discipline in this context means: a sustained commitment to a pragmatic growth strategy, executed with a combination of temperance, vigilance, and flexibility that values the long-term prosperity of the entire population over the short-term enrichment of any particular group of individuals."