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Many would prefer the government to pursue Mr Miles's requests to loosen rules that restrict banks from hedging the risks of fixed mortgages and block the creation of a market for mortgage bonds.
ECONOMIST: Concrete is coming to a building site near you
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Ideally this would be done by reforming Medicaid financing to provide the federal assistance to the states for the program through fixed, finite block grants, which do not vary by matching increased state Medicaid spending as under the current system.
FORBES: Universal Health Care With No Mandates
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The reforms provided instead for fixed, finite, block grants to the states, with broad state flexibility to adopt changes to get dependents out to work.
FORBES: Rep. Paul Ryan's Budget Plan Reframes the 2012 Elections
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The 1996 welfare reforms proved that the poor can enjoy higher incomes, while the taxpayers would save trillions, if those same reforms based on fixed, finite, block grants of the federal funding back to the states, were extended to the 200 or so additional means tested entitlement programs for the poor, with broad discretion for the states to reform the programs.
FORBES: President Obama's State Of Disunion: Half of America Is In a Trance
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DC, now receives a block grant for welfare (a fixed sum based on the amount it received at the time of greatest need) from the federal government.
ECONOMIST: Welfare reform
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The winner of the race gets to add its block to the blockchain, and in that block it can credit itself a fixed number of new bitcoins (currently 25 BTC) as a reward for participating in this process.
FORBES: Four Reasons Bitcoin Is Worth Studying
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Those block grants replaced the old federal matching funding formula with fixed finite funding that left the states responsible for 100% of increased spending, but gaining 100% from any savings.
FORBES: Mitt Romney's RINO Austerity Economics Make Him Least Electable