GENERAL DISCUSSION

摘要

Several panelists praised Swagel for sharing his insider perspective and for his frank description and assessment of the events he had witnessed. Alan Blinder summarized the paper's main point as follows: critics, particularly academics, pay too little attention to the legal and political constraints faced by the Treasury. And there are times when Treasury officials would like to take certain actions but refrain from seeking the authority because they are convinced Congress will not grant it.