There was a time, back in the 1950s and 1960s, when Keynesian stimulus packages were seen as costless.
Nevertheless, it would be wrong and complacent to suppose that failure would be costless.
There is a common fallacy, not least in Germany, that dropping the Greeks would be a fairly costless way to teach a useful lesson.
The scheme is supposed to be decentralised giving lots of local authorities and other government agencies the right to issue what will seem like costless cash.
As moaning is costless, a chorus of wailing customers is predictable.
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This would be a costless foreign policy that would very much boost our security for free trade among countries remaining the single best foreign policy of all.
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In a digitized world, duplication and distribution are relatively costless.
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As to editing, which video makes almost costless, he recommends this simple but effective discipline: each evening, watch everything you have shot that day, without using the fast-forward button.
MPs has-been ex-ministers and never-going-to-be-and-know-it backbenchers for whom infidelity seems costless.
Some argue that the true cost of that costless Mexican bail-out is today's crisis in Asia because foreign lenders learned in 1995 that they would be rescued if their loans turned bad, and therefore lent more than they should to Asia.
The brewing European debt crisis demonstrates again that the greatest source of systemic risk is believing politicians when they promise government guarantees are costless, and that elite public servants are capable of protecting us from systemic risks in the first place.
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And as to his point about the difference between civil cases and criminal cases, I would just say that if you have a costless privilege that always wins, then what incentive is there not to use it beyond the narrow bounds for which it was formulated.
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