And the tendency for this kind of systematic error is exactly why we need an objective and predictable monetary policy like nominal GDP targeting.
One is that we really do now as a nation need to take energy security seriously as a foreign policy issue and prioritize that objective relative to other foreign policy goals that we have.
Last year, a number of other candidates, including 2011 Iowa straw poll winner Michelle Bachmann, as well as other national security and public policy figures, lent their names to the Peace Through Strength Platform, and its objective of applying that Reagan philosophy to contemporary challenges.
Yet pursuing this objective requires more than merely marshaling well-reasoned arguments and affecting policy on behalf of American security.
The objective of all government policy should be to increase the wealth and well-being of the citizens of the country.
It also called for policy discussions and decision-making "to be based upon objective assessment of peer-reviewed research results".
BBC: NEWS | Science/Nature | US science body warns on climate
Abraham is a member of the Council of Economic Advisers and is responsible for offering the President objective advice on the formulation of economic policy.
But Clinton may not understand a second apparent objective: to use U.S. policy under Clinton in a way that would undermine Rabin and his moderate Labor Party while elevating the hard nosed Likud.
He'll also shortly address the American people about the five elements of his policy to responsibly end the war in Afghanistan while achieving our objective of defeating al Qaeda and denying it a safe haven.
But if the recent weakness in the dollar, run-up in commodity prices, and other forward-looking indicators are sustained and passed along into final prices, the Fed's price stability objective might no longer be a compelling policy rationale.
The effective implementation of our policy is not enough -- we must accomplish our objective. (Applause.) And in that effort, I firmly believe that an opportunity still remains for diplomacy -- backed by pressure -- to succeed.
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