If that were to be the case, Mr Greenspan suggested that the authorities might have to go beyond the conventional ways of stimulating the economy through monetary policy and fiscal policy (such as Mr Bush's stimulus package) and also look at further improving America's economic flexibility.
Rather than moving toward more flexibility in exchange rates within Europe the economic arguments suggest less flexibility and a closer integration of capital markets.
The improvements in chips and heterogeneous computing will make it possible to run the applications ubiquitous to any enterprise, giving businesses the great economic benefits, flexibility and scalability that are possible with the cloud.
In Davos recently David Cameron argued that successful currency unions had vital features in common: a lender of last resort for the state, economic integration and flexibility to deal with shocks, fiscal transfers and collective debt.
For economic liberals, that flexibility and dynamism offers Europe's best chance of survival.
It then examines the current state of flexible work arrangements and discusses the economic benefits of workplace flexibility - such as reduced absenteeism, lower turnover, improved health of workers, and increased productivity.
Business groups also criticised the move, arguing that, during tougher economic times, firms needed more flexibility and people wanted the choice to work longer hours to make ends meet.
Apparently heartened by what he calls a new Republican flexibility on taxes and economic assumptions, the president met with the GOP chairmen and the ranking Democrats of the House and Senate budget-writing committees.
In general, he concludes that American labour-market flexibility is not substantially better for economic efficiency.
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In private, they also worry that countries that adopted the euro early might find their domestic economic policy constrained at exactly the time when flexibility is needed.
It has given itself no flexibility to cope with occasions when economic weakness might justify a lower level of interest rates than is compatible with meeting the inflation target.
We look forward to continuing to work with Congress, the wireless and mobile phone industries, and most importantly you -- the everyday consumers who stand to benefit from this greater flexibility -- to ensure our laws keep pace with changing technology, protect the economic competitiveness that has led to such innovation in this space, and offer consumers the flexibility and freedoms they deserve.
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One thing seems certain, that technology innovation and current economic dynamics are driving the need for agility, flexibility, new business models and sustainable growth.
However, by adopting the euro early, a country forgoes the flexibility of altering its exchange rate to absorb economic shocks.
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And with Venezuela facing deepening economic woes, Mr. Maduro would also lack the flexibility to employ oil diplomacy in the region.
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Even so, the interesting question is whether it would be rational to merge NHP and Southern Cross, to create a business with more flexibility to cope with unforeseen changes in the economic climate.
He suggested for the first time that he could be convinced to support one if it included a proper "escape hatch" that would give the federal government flexibility in dealing with emergencies, such as economic recessions.
That's because such an approach could soften the political burden for those Democrats who would be able to argue to their constituents they did everything possible -- including providing flexibility to the White House -- if economic damage ripples through their states.
This flexibility allows them to take market share and build economic "moats" around their businesses.
Yet, as a report from the Council of Economic Advisers, commissioned for a 2010 White House Forum on Workplace Flexibility, shows, flexibility is a best practice.
In my view, the genius of DR programs is the flexibility it provides consumers, which promotes efficiency but without adversely affecting economic growth.
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Monetary "flexibility" will only breed uncertainty and mischief--and slow economic growth.
"In the current difficult economic environment, these results are a tangible sign of the benefit of the flexibility afforded by the Scottish Friendly group and the strength of our diversify and grow strategy, " added Mr Lovatt.
Beijing says it has allowed the yuan greater flexibility but argues its policy is driven by domestic concerns such as maintaining economic growth.
The private sector needs more flexibility across the euro zone, including greater labor mobility and a unified labor market, to respond to economic shocks.
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