One thing that's been a trend around the world is that the I mentioned that the U.S. Federal Reserve System was different from other central banks in that it was designed to have independence.

一个在世界范围内,流行的事实是,我提到过美国联邦储备系统,与其他中央银行不同,因为它有独立自主性。

耶鲁公开课 - 金融市场课程节选

The trend of creating a system full of administrators such as deputy, associate, area, and assistant superintendents, assistant principals, curriculum coordinators, fleet coordinators, nutrition directors, frozen food purchasers, mechanics, groundskeepers, psychologists, parent mentors and testing coordinators among dozens of other non-teaching personnel has been just as prominent over the past two decades.

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This failure should lead us back to the drawing board to re-design the international monetary system, reversing the trend that prevailed during the 20th century.

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This trend will create a two-tiered system of health care and could be a knife in the back of Obamacare, which relies on physician participation with insurances and its expanded patient load to survive.

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