A Quote by Ludwig von Mises
The policy of letting the free market determine the height of wage rates is the only reasonable and successful full-employment policy.
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You [Jill Stein] also believe in a full employment policy that was the majority Democratic Party policy in 1946. They actually passed a law to that effect. You want to end poverty and when people see how relatively easy it is to end poverty. And one way is to increase the minimum wage: catch up; it's been frozen for so many years.
Second, there were the discussions and drafts leading up to the White Paper on Employment Policy of 1944 in which the UK government accepted the maintenance of employment as an obligation of governmental policy.
Monetary policy transmission encompasses the whole continuum of interest rates; of course, the central bank only determines the overnight policy rate.
We need to keep in mind the well-established fact that the full effects of monetary policy are felt only after long lags. This means that policy makers cannot wait until they have achieved their objectives to begin adjusting policy.
Indian president does not determine policy. Here President is not the policy maker. In the name of the president, the cabinet takes the policy decision.
Monetary policy has less room to maneuver when interest rates are close to zero, while expansionary fiscal policy is likely both more effective and less costly in terms of increased debt burden when interest rates are pinned at low levels.
Under the rule of the "free market" ideology, we have gone through two decades of an energy crisis without an effective energy policy. Because of an easy and thoughtless reliance on imported oil, we have no adequate policy for the conservation of gasoline and other petroleum products. We have no adequate policy for the development or use of other, less harmful forms of energy. We have no adequate system of public transportation.
My home policy: I wage war; my foreign policy: I wage war. All the time I wage war.
But one must say clearly that we redistribute de facto the world's wealth by climate policy...One has to free oneself from the illusion that international climate policy is environmental policy any more.
We are apt to say that a foreign policy is successful only when the country, or at any rate the governing class, is united behind it. In reality, every line of policy is repudiated by a section, often by an influential section, of the country concerned. A foreign minister who waited until everyone agreed with him would have no foreign policy at all.
The policy that received more attention particularly in the past decade and a half or so has been the US cocaine policy, the differential treatment of crack versus powder cocaine and question is how my research impacted my view on policy. Clearly that policy is not based on the weight of the scientific evidence. That is when the policy was implemented, the concern about crack cocaine was so great that something had to be done and congress acted in the only way they knew how, they passed policy and that's what a responsible society should do.
First of all, developed countries have basically expropriated the atmosphere of the world community. But one must say clearly that we redistribute de facto the world's wealth by climate policy. Obviously, the owners of coal and oil will not be enthusiastic about this. One has to free oneself from the illusion that international climate policy is environmental policy. This has almost nothing to do with environmental policy anymore.
The successful conduct of economic policy is possible only if there is - and is seen to be - full agreement between the Prime Minister and the Chancellor of the Exchequer.
The second part of the New Right's policy package has been the belief that free-market solutions are always best. It is this latter view which is profoundly mistaken. Markets and profits are crucial, but the pure free-market model itself is deeply flawed.
Watch out Mr. Bush! With the exception of economic policy and energy policy and social issues and tax policy and foreign policy and supreme court appointments and Rove-style politics, we're coming in there to shake things up!
Most employees want to be involved in a successful business and most employees are happy for people running successful businesses to be paid a reasonable wage and a market rate for it, provided they understand the reason. What they hate most of all is pay for failure.
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