Disasters are inevitable; their consequences need not be.
The consequences need to be ones that they cannot bear.
But consequences needn't be defined by the powers of law enforcement.
These consequences need to be weighed up when considering changes in tax politics.
"While bubbles that burst are scarcely benign, the consequences need not be catastrophic for the economy.
"While bubbles that burst are scarcely benign, the consequences need not be catastrophic for the economy," he said in June 1999 testimony.
The last few weeks, however, have confirmed that a revolution's consequences need not follow from its causes.
As Mr Greenspan told Congress on June 17th, "while bubbles that burst are scarcely benign, the consequences need not be catastrophic for the economy.
The reason why adverse consequences need not follow is that the central bank can simply ask the government to replenish its capital, much like when a government covers the losses of its national post office.
Our justification for p's consequences need not be e.
