I am delighted to be back at Western, and honoured to be asked by President Chakma to give the inaugural address in the President’s Lecture Series. While preparing for today, I did a little reminiscing, and I was struck by how prophetic some of the lessons I learned here back in the late 1970s have turned out to be. Many of us came to Western at that time to learn from the high-profile duo of David Laidler and Michael Parkin. I can remember David Laidler telling me, “Steve, monetary targets will help keep us out of trouble, but if we do get into trouble, they might not get us out.” And then there was Michael Parkin, ... (full story)