The notion that such an impersonal gold standard actually produces better results than smart men and women with the power to manipulate interest rates and currency values may be counter-intuitive.
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But the manufacturing sector has little spare capacity, and high interest rates and scarce power may deter the investment needed to raise production.
But imagine the outcomes if Congress revoked the Fed's power to set interest rates and instead took it upon itself to enact them each quarter.
We believe that art has the power to change people and raise their interest in a greater cause.
The Fed has unlimited power to create bank reserves and control interest rates, which affect the valuation of every asset.
Rather it was to draw attention to the extraordinary and improbable power of self-interest: this stunted, inward-looking trait is transformed, through spontaneous social co-operation, into a force for the common good.
Make no mistake: As long as Washington possesses so much power over our lives, people and special-interest and advocacy groups will find ways to get their points of view across.
Savers and retirees will suffer the most as the interest paid on their assets continues to fall and the purchasing power of their principal is eroded.
Parker has spoken often about his interest in startups that provide organizing power and political advocacy, so the tie-up between the two startups makes sense.
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These do not add up to an ideological revolution so much as a big shift in power away from narrow, outdated interest-groups and towards the interests of the majority of Japanese.
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Likewise, an increase in the value of the dollar against another currency likely indicates that the central bank of the other country is lowering real interest rates and diluting the purchasing power of that currency at a greater pace than the Fed.
Many students and recent grads are familiar with the power of compounding, but usually in a negative context with the interest that accumulates on their student loans and credit cards.
Senator McCain also promises to use the power of veto in defence of the public interest - and as a chief executive, I can assure you it works.
Two unions, the teachers and prison guards, exert overwhelming political power in their own interest.
Separately, the SEC intends to ask Judge Arthur Gonzalez of the U.S. bankruptcy court in New York to appoint an independent examiner with wider power to investigate Enron's downfall and the potential conflicts of interest between investment banks--some of the largest creditors of the company--and its other creditors.
There is strong interest from Indian investors in the power, steel, and extractive industries.
Hollywood is full of rich people, so health care and jobs aren't issues that interest the new power players.
Opponents (never mind ordinary Indonesians) had little power to make demands, neighbors had little incentive and world leaders little interest.
Such is the power of fear: it is better to earn negative real interest and preserve capital than to lose the capital altogether.
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Alas, the government itself does not enjoy good standing in the credit market, and Pakistan Power, on its new projects, faces 17% interest on domestic rupee-denominated loans from Pakistani banks.
As an infant, I displayed a variety of facial expressions to signal my moods, pointed at objects of interest, and bonded with my parents through the power of eye contact.
Daniel Yergin, in his latest and arguably most promethean work, The Quest: Energy, Security, and the Remaking of the Modern World, infuses a rich ingathering of information and analysis with the narrative power of a McMurtry, the human interest of an O.
The decision made in 1997 by Gordon Brown, Britain's chancellor, to remove interest-rate decisions from political control and hand the power over to the Bank of England has immensely boosted the credibility of British monetary policy.
And in a more inflationary economy, lenders will demand, and get, higher nominal interest to compensate for the erosion of purchasing power.
My government believe the historic decision to give the Bank of England the power to set interest rates has been crucial to the meeting of its inflation target and credibility in the system.
"If you get a process of gentrification displacement and existing power bases are being eroded, it's not in the political interest to pursue it in the long term, " said Mark Davidson, an assistant professor of geography at Clark University in Worcester, Mass.
Israel has expressed interest in investing in such unobjectionable concerns as agriculture and hydro-electric power.
Use the power of your Twitter platforms (some 27 million strong in total) and actually take an interest in what your followers are tweeting about.
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But the power of DVDs, the Internet and a cultural fascination with all things celebrity has fueled more interest in such destinations--and travel entrepreneurs are quick to satisfy the niche.
In October, they sold their interest in Horizon Nuclear Power, which was to build reactors at sites near Anglesey and Bristol, to Japan's Hitachi.
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