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That percentage, which is constantly changing, has not been set by a bureaucrat but by the forces of the market, which are just as real as the forces of nature.
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Let us also not forget that their definition will be constantly changing as they continue on the entrepreneurial road, growing in experience and skill.
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David Souter, from ICT Development Associates, praised the UNESCO study for linking freedom of expression and privacy rights in the light of a constantly changing Internet in which many people have not adapted their behavior to new privacy threats.
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Without a doubt all the factors mentioned by the bank in paragraphs 33 and 34 arguing for lower neutral rates are true, but as is well known the neutral rate, not being an observable quantity, is both hard to estimate and is constantly changing.
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Not only that, but vehicle preferences varied tremendously among markets, and those preferences were constantly changing.
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