Reserve accumulation, an indicator of the degree of Chinese intervention in the currency market, has slowed markedly since the third quarter of 2011 as China buys less U.S. debt.
When interest rates are allowed to float free of central bank intervention, the happy consequence of such a market-driven price is that in reaching natural levels conceived in the marketplace, the supply of and demand for credit is equalized.
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Despite the fact that I find myself firmly in the camp of believing less market intervention is better than more, I do find myself standing in respect and appreciation of the work done by our public servants at the Fed whose efforts in 2008-2009 prevented a second Depression.
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By the way, given the scale of this housing market intervention, it is quite difficult to see how it can be withdrawn in three years, as per the current plan, even if the final decision on whether to pull it becomes the responsibility of the Bank of England - in that the shock to the market of ceasing this state-underwriting could be pretty severe.
The events in Cyprus may also serve as anecdotal evidence to those investors who believe that the market is due for a correction given that much of the market advance has been on the heels of government intervention without any meaningful and sustainable improvements attributable to the private sector in terms of economic growth.
He maintained a negative investment rating on Singapore's developers and the residential property sector, citing a large supply of unsold apartments, rising vacancies in the rental market and the continued risk of more government intervention.
Ministry officials have instead been privately mulling the possibility of joint currency-market intervention with America.
Just look how our present crisis has been attributed to the free market instead of government intervention -- and how proposed solutions inevitably involve yet more government intervention to rein in the pursuit of self-interest.
Since then, the government has promised to limit further intervention in the labour market in the interests of greater flexibility, and has been urging its European partners to do likewise.
Indeed, the cost of intervention is often too high, but that is what an economist would predict in a case of market imperfection.
He believed in a free market and the minimum of state intervention, now the orthodoxy of our times.
Buildings waste a huge amount of energy, and since the market does a bad job of making them more efficient, some government intervention may be necessary.
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And if so, does the limitation of that risk outweigh the costs of the other market distortions caused by the intervention?
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His lectures, and eight books, expressed a deep hostility to government intervention in the market, a policy favoured by followers of John Maynard Keynes, an English economist who was especially influential in the 1930s and 1940s.
Reagan and Thatcher believed in the power of the market and held that even well-intentioned government intervention was misguided.
As the Asian Crisis bites deeper, capitalism in the region is struggling to reconcile its free-market aspirations with the reality of increasing and indispensable state intervention.
Aside from government intervention, the Austrian School side of me thinks that perhaps in a free market, the society itself would be able to work out unemployment in the market.
In other words, when the government facilitates the entry of a new firm into the market, that is itself government intervention into the marketplace.
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From deadly chicken flu to the new-airport fiasco, from the hesitant response to the Crisis to last August's stock-market intervention, Tung just isn't up to the task of running Hong Kong, say his critics.
But anyone looking for evidence of what the Internet market would be like under even more aggressive FCC intervention need look no farther than the industries traditionally regulated by the agency: broadcast TV and wireline telephone service.
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As the economic downturn exacerbates the troubles of Google's competitors and solidifies its grasp of the search advertising market, Google's biggest barrier may become government intervention.
The Obama administration made much the same assessment of the still plunging economy, continued freeze up of the financial system, and need for continuing the unprecedented government intervention in the free market system.
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Adding to the market volatility last week was the intervention to slow down the sharp increases in the value of the Swiss franc and the Japanese yen.
There is an apparent contradiction between most economists' support for free trade, low taxes and less intervention in the market and the low marks many give to Mr McCain, who is generally more supportive of those things than Mr Obama.
We've created the work programme so we have tailored support for people and now we're looking at these recommendations which say that if we get some early intervention for people when they first have health problems then we can really help people not fall out of the market in the first place.
Most market experts believe that the lasting effect of that move without global coordination is questionable since sustainable intervention requires a co-ordinated effort.
"The latest reported comment today indicates that he'd sanction intervention to come to the rescue of exporters disadvantaged by a stronger yen, " said Andrew Wilkinson, a senior market analyst at Interactive Brokers.
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