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It may also be inconsistent with America's toxic-asset plan, which needs loans and securities to be carried at market-clearing prices to work.
Irish immigrants, not Negro slaves, built the levees; the Negroes, bought at high prices to work cotton, were mostly too valuable to use on low-pay labor.
It's not as sophisticated as that, because it takes a while for those prices to work through from the point of manufacturing to the point of consumption.
In "The Filofax fiasco" (Nov. 20, 1995), Forbes applauded Field's cutting prices to work down inventories and his simplifying the product line to reduce production costs.
Similar(53)
Different approaches to measuring affordability have been proposed, including benchmarking medicine prices against per capita gross national income (GNI), setting prices against "catastrophic" household health expenditure levels [ 12], or converting prices to working days based on government salaries as a proxy for average income [ 13].
So he has a lot longer time for the share price to work out.
For a carbon price to work while starting from a low level would take a long time, and time is in short supply.
For a carbon price to work on a very short timescale it would have to be very high, which may or may not be economically problematic but would surely be politically inoperative.
She said: "Getting the price right is vital for minimum pricing to work - too low and it will simply be ineffective.
He added: "We want minimum pricing to work, and we gave our support on the condition it would be legally sound and that it could be dropped in future years if it wasn't working.
But for carbon pricing to work, there has to be one global price, and it must be applied universally.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com