By referencing the president's espousal of Adam Smith's moralistic market economy, Leonhardt underscores Obama's fealty to capitalism and its capacity for engendering economic growth, providing material prosperity and improving a society's standard of living.
But that's not because the Fed is out of bullets, but because the Fed has always been incapable of engendering viable growth; its ability, rather, is limited to manipulating the purchasing power of money.
Another early hope for Mr Putin's presidency that market reforms and business-friendly policy would engender sustainable growth—has been battered by the dismemberment of Yukos, once Russia's leading oil company.
"I think what they ought to do is remember that the proposals are going to engender economic growth, which is the best thing you can do for near-term budget improvement," Mr. Holtz-Eakin said, adding that Mr. McCain believed spending restraint was possible.
Relying on pre-set channels usually does not engender incredible growth with a positive arbitrage.
Up until recently, this problem was somewhat obscured by spectacular earnings on Wall Street, which engendered the growth of an extensive "luxury economy" largely insulated from high costs.
Warren Buffett once wrote in a company letter that the worst sort of business is one that grows rapidly, requires significant capital to engender the growth and then earns little or no money.
They don't pay bills, create jobs, or engender economic growth.
When recently asked about the extent to which these numbers fail to add up, his response was: "I think what [critics] ought to do is remember that the proposals are going to engender economic growth, which is the best thing you can do for near-term budget improvement".
Social infrastructure development leads to social capital generation which engenders positive growth in TB program outcomes.
