Exact(1)
What is anathema to Thiel in "Star Trek" is the notion, drawn from Isaac Asimov's fiction, that the market is but a temporary solution to imbalances in supply and demand, and that technology and plenty will eventually make it obsolete.
Similar(59)
The central bank has said that it wishes to hold more euros.The correct solution to global imbalances is for America to save more and for surplus countries, including both the oil exporters and the Asians, to spend moreThat leaves the dollar dangerously vulnerable.
The correct solution to global imbalances is for America to save more and for surplus countries, including both the oil exporters and the Asians, to spend more.Nevertheless, Brad Setser of Roubini Global Economics, a research firm, argues that oil economies should not peg their currencies to the dollar in any case.
Until these obstacles are removed, a sharp appreciation of the yuan might result in a surge in Chinese lay-offs, not a boom in Chinese consumption.Reforms to tackle the root causes of excess saving in China are therefore needed as part of a lasting solution to global imbalances.
For example in Germany, often berated for being overthrifty, they estimate that the required level has risen from almost double GDP in 1970 to over three times GDP in 2010.The obvious solution to this imbalance is to yank up investment.
But some economists cautioned against oversimplifying the solution to the imbalance, saying that there needed to be a change in consumer preferences in the United States along with any change in policy.
(Adopt a Playwright is an attempt to offer a practical solution to this imbalance - those whose parents can't afford to sub them become eligible for "adoption". You can even take part by letting us know what you think comprises good playwriting).
Yes, we have an obligation to find a solution to the imbalance of trade with other nations.
For one thing, more operating vehicles means more taxi supply in the taxi market, which is a solution to the imbalance of supply and demand currently in Wuxi.
One that would stand out as a bold solution to the imbalance of wealth in the hands of the 1%: a tax measure forcing the wealthiest Californians to pay a little more for the state that has given them so much.
Currency valuation is part of the solution to global trade imbalances.
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