The World Motivation
Europe unified its monetary policy through the euro before it unified politically, therefore sustaining member countries' abilities to pursue the kind of independent fiscal policies that can strain a joint currency.
“Europe unified its monetary policy through the euro before it unified politically, therefore sustaining member countries' abilities to pursue the kind of independent fiscal policies that can strain a joint currency.”
Europe unified its monetary policy through the euro before it unified politically, therefore sustaining member countries' abilities to pursue the kind of independent fiscal policies that can strain a joint currency.
By playing on people's desire to belong to groups, Facebook creates a new, inclusive society. After all, Facebook is not like Harvard College. Anyone with access to the Internet can sign up.
The New Deal exists principally on an emotional plane for Obama. To him, the New Deal is something you play like a song, to make you or your constituents feel better.
To investors, job creation is a second-order effect. Market participants care first about interest rates, exchange rates, bond prices and the one great factor that affects all three: the long-term solvency of a bond company called the U.S. government.
It's not possible for two countries to be the leading dominant political power at the same time.
Sovereignty is a word that is used often but it has really no specific meaning. Sovereignty today is nominal. Any number of countries that are sovereign are sovereign only nominally and relatively.
In the past, you might have said, 'This player is technically not good - let's prey on her.' But now, the game is professional in most countries - you can't just play on that.
To maximise global social welfare, policymakers should strongly encourage the diffusion of knowledge from developed to developing countries.
Even on television, the wavelengths that you use, they have to be distributed between countries.