Raghuram Rajan: In step

........“One way to do things is to say let us think in theory, develop the best plan possible and then implement in one go. I call this the Brahminical way. But this may not work as at the implementation stage you will realize that some aspects were not considered. The alternative is, roll up the sleeves, don’t minimize the thinking phase, but do it quickly. I am trying to do that. There’s this Chinese phrase, ‘Cross the river by feeling the stones’. It’s basically step-by-step, but take that step, don’t theorize about how you’re going to cross the entire river, not knowing where the steps are... Take the first step and feel your way through the next step, be more practical about it.”.............

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