On a practical level, it will be hard to decide what contribution out-of-school activities make to the diploma.

ECONOMIST: Education

That's up to other people to decide but I think we should be very hard on these people.

BBC: CHOOSE A SPORT

Now if they decide they want to stream something from Netflix, it might be little bit hard for them to settle on one show.

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It could indeed default through inflation, could indeed decide to default as the least bad option, but it cannot be forced into a hard default as they can.

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