With rates being near zero and the Fed s balance sheet already at an intractable level, the only viable solution to fight Ben s phantom deflation fear is for him to remove the impetus on the part of banks to keep their excess reserves laying fallow at the Fed.

FORBES: Fed's Next Move Will Be To Ease Interest Rates

Mr Daniels, in Indiana, has proposed a similar measure, although he opposes a move by the state legislature to allow employees in any unionised workplace to opt out of paying union dues, as Mr Walker also proposes, for fear it will spark a knock-down drag-out fight with the labour movement.

ECONOMIST: Taking on the public-sector unions

On Planet Earth, we fight for many reasons: resources, ideology, power, fear.

FORBES: Interstellar Aircraft Carriers and Science Fiction Naval Warfare

As all these players are improving technology and performance to sharpen competitiveness, there is real fear at MHI that a one year delay will be severely disadvantaging in the fight for new orders.

FORBES: Connect