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In the end, the fund had only a marginal effect on the course of events, though Mr Gilman stops short of admitting it was out of its depth.
ECONOMIST: The Russian default
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He noted though that while this purchase in itself will not do much for Dell's financials, the view is the company will be doing more of these purchases, with the combined effect having marginal impact on growth.
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Or would the effect be marginal?
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Total government spending declined for the past two years with only marginal effect on GDP growth.
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The Laffer Curve-effect is more likely to work miracles if the highest marginal income tax rate is very high to begin with say over 50 or 60 percent and if the taxpayer has control of when to realize income for tax purposes.
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That is because the CO2 greenhouse effect is weak and marginal compared to natural causes of global temperature changes.
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Continued interest-rate hikes and slowing home buying should have, at most, a marginal effect on 2006 because the economy's underlying strength likely won't flag.
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But -- no surprise -- mass unemployment has had its worst effect on the poorest and most marginal.
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Changing the pay rate of 6% might have some marginal effect on inequality, yes.
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Either system has the end effect that individuals are paying their highest marginal rate on their dividend income.
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Although this plan does less than Mr McCain's to shift taxation from income towards consumption, the reduction of marginal tax rates could have a bigger effect on economic growth.
ECONOMIST: Republican fiscal policies
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In effect, the college funding system acts as a supplemental income tax, with marginal rates ranging up to 47%.
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