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Japan's experience suggests the importance of assessing the sustainability of price stability over a fairly long period, which many central banks have emphasized in recent years. ↗
What usually happens in the educational process is that the faculties are dulled, overloaded, stuffed and paralyzed so that by the time most people are mature they have lost their innate capabilities. ↗
To his lasting credit, President Reagan never wavered. He recognized the strategic importance of staying the course, both in terms of denying Moscow the military hegemony it sought in Western Europe and of restoring the will, cohesiveness, and security of the NATO alliance, so badly frayed during the turbulent 1970s. ↗
In Europe, it appears that in the name of democracy, elites are pursuing an autocratic, centralized power, seeking economic control and social regimentation. ↗
