A balance is needed between financing desirable public spending, reasonable and fair taxation, growth and maintaining fiscal prudence.
"While maintaining appropriate prudence, lenders should do all they can to meet the needs of legitimate, creditworthy borrowers," Mr. Bernanke said at a meeting at the Federal Reserve Bank of Chicago's branch in Detroit.
But, in an annual budget that he said was devoted to maintaining fiscal prudence, he also increased taxes on expensive homes, wine, beer and cigarettes, drawing criticism from opposition Conservatives that any gains would be offset by increases in the overall tax burden.
To maintain fiscal prudence, Smith offsets those increases with big cuts in two programs.
The researchers believe that the prudence exhibited by female directors in negotiating mergers and acquisitions has a substantial positive effect on maintaining firm value, and that this helps build the case for increasing the number of women on boards.
Consider, for example, how Germany maintains a standard of fiscal prudence 87 years after its infamous hyperinflation.
Insurance giant Prudential said annual bonuses paid on its Prudence Bonds would be maintained at the previous year's level, while Scottish Widows, part of Lloyds TSB, and Norwich Union, part of insurance giant Aviva, both cut bonuses on some policies.
And Ms. Foster, a reigning sweetheart of wholesome Broadway musicals ("Thoroughly Modern Millie," "Shrek"), nicely conveys the fear and whispering wit behind Prudence's unsmiling and rigorously maintained facade.
As the sleepy town wakes to the true scope of its nightmare, where a creeping theocracy maintains its own militia, the suspicion comes to resemble prudence.
"We ask for prudence from the general population who should maintain a distance of at least six kilometers in order to avoid tragedy".
