Head of the IMF. In late 2025 she said China's real exchange-rate depreciation had "worsened external imbalances", and urged the country to rebalance its economy by boosting domestic consumption. Pierre-Olivier Gourinchas, the IMF's chief economist, urged China to spend more on cleaning up the property sector and less on manufacturing subsidies.
Nitwit ideas are for emergencies. You use them when you've got nothing else to try. If they work, they go in the Book. Otherwise you follow the Book, which is largely a collection of nitwit ideas that worked.