What has and continues to impede growth in Japan excessive government market intervention and regulation.
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Ministry officials have instead been privately mulling the possibility of joint currency-market intervention with America.
Instead, they will favour activist policies designed to help the unemployed through labour-market intervention.
Unexpected by nature, market intervention will surprise many and rock the markets.
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The EU plans to phase out milk quotas by 2015 and to limit market intervention, with a view to scrapping it in the long term.
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.
He suggests countries like Spain and Ireland should try and ape the so-called active labor market intervention used by Norway, in which the state funds not only unemployment benefits but also training and job searches.
Indeed, studies have shown that even when emerging-market economies say they are floating (as Malaysia, for example, used to), they tend to rely more heavily than the industrial countries do on interest-rate policy and foreign-exchange market intervention to limit actual movements in the exchange rate.
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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It was only after U.S. Secretary of the Treasury James A. Baker III strongarmed the finance ministers of Germany, France, Great Britain, and Japan into a hotel room in New York and produced the Plaza Accord on September 22, 1985, launching an unprecedented global market intervention to bring down the overvalued U.S. dollar, that protectionist pressures began to subside.
By the way, given the scale of this housing market intervention, it is quite difficult to see how it can be withdrawn in three years, as per the current plan, even if the final decision on whether to pull it becomes the responsibility of the Bank of England - in that the shock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.
There is no hard-and-fast decision rule or trigger mechanism to which he or she must adhere in deciding whether supply conditions in the oil market justify an intervention.
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Many free market proponents eschew intervention unless it benefits them.
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These unpredictable and extreme events cast a pall over the stock market that was difficult to overcome, and included government intervention that affected the market.
And that the bond market will crack at some point, though putting a date on that is very difficult given extreme government intervention in the market.
The risk is that he will too often favour government intervention over market forces.
Unless the government is prepared to accept a sharp rise in unemployment, the FDP's neo-liberals will have to swallow their economic principles and accept more market-distorting state intervention.
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.
Automakers believe currency exchange rates should be established in the floating market, not by government intervention.
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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But it is a huge, and costly, government intervention in the market.
One alternative is for increased government intervention in the market, coupled with increased tax revenues and spending cuts, further straining already weak government budgets.
Any decision the Fed makes about the supply of currency from supplying no new currency at all to supplying so much that it sparks hyperinflation is in some sense a government intervention in the market.
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It is essential that people understand that the income of professionals is a cost to them, and that immigration and trade policies that restrict access to lower-cost alternatives is government intervention in the market.
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Was this violent intervention in the market place?
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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.
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.
He believed in a free market and the minimum of state intervention, now the orthodoxy of our times.
What do you think about Hong Kong's recent intervention in the stock market to protect the dollar peg?
"Reducing supply CO2 allowances would equate to an intervention into a functioning market system, " and further burden industry, he said.
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