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Coupled with improvements in public health, such as treated drinking water, antibiotics slashed rates of mortality.
A decade later, even a report for the Reagan administration admitted it had slashed rates of liver cancer, cost only $300 million to implement, and resulted in no job losses whatsoever.
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Nationwide Building Society has slashed rates on nearly 30 of its savings accounts, with rates in some cases dropping by half a percentage point, despite no change in the Bank of England base rate for more than six years.
The money wasted through delay and inefficient trial support far outweighs the savings which can be made from slashing rates of pay to levels which often amount to no more than £46.50 a day.
It would slash rates of high blood pressure, diabetes and heart disease.
But now hospitals are finding they can slash rates of killer infections by 50% or more by changing how they do things.
This morning, the Bill and Melinda Gates Foundation announced a new $34 million grant in support of a global network that aims to slash rates of easily treatable infectious diseases that affect as many as 1.4 billion poor people.
Facing weak growth and deflation the Bank of Japan had slashed rates to near-zero bembarkingarking on a series of experiments with unconventional monetary tools.
Central bankers slashed rates to their current emergency levels in the depths of the crisis.
In response to recent calls from the International Monetary Fund (IMF) to slash rates to lift Britain out of its double-dip recession, Sir Mervyn said an interest rate reduction would fail to lead to widespread cuts in borrowing costs and could instead damage small lenders.
So grim, in fact, that on November 26th the People's Bank of China slashed rates by more than a percentage point the most in 11 years to boost growth.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com