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As Paul Krugman has put it, the Fed needs to promise to be irresponsible at some future point, thereby raising expectations of future inflation.
Naimi is not unlike a factory manager who needs to promise the moon to his valuable clients, for fear of losing or alarming them.
As Russia has sought investors for the second pipeline, analysts say it needs to promise that there will be enough oil running through it to justify the cost of construction.
He needs to promise enough protection to Taiwan to ensure that China does not feel free to make a grab for the place, a promise he spelt out unambiguously in both weapons and words this week.
He doesn't care which reform approach prevails, but a candidate needs to promise to champion one or the other if he wants to win Mayday's backing and keep Mayday from supporting a rival.
Mr. Mukasey needs to promise that he will get to the bottom of these matters, and that he will make available the critical documents and witnesses that the administration has withheld.
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And the new deal would need to promise more money.
"However," Mr. Matasar wrote, "N.Y.L.S. never promised (nor needed to promise) anyone that it would increase enrollment to meet debt service obligations".
So internet advertising companies need to promise advertisers that putting us under more surveillance will magically make web ads work.
To win the White House, he'll need to promise not only competition that leads to growth, but growth that leads to broadly shared prosperity.
In order to attract private firms in the first place, local governments usually need to promise that water charges will rise.
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