However it is not
a hard economic fact that reducing a customer base automatically raises the marginal cost of the operation.
Not exact matches
Let's work a little
harder to eliminate the noise in figures so we can grasp the
fact that the
economic road in front of us will remain long and
hard.
This seems very counterintuitive at first, even if the history behind it is quite abundant, and very few economists seem aware of the problem (which is why most
economic forecasts mistakenly focus on the pace with which reforms are likely to be implemented, and are always disappointed), but in
fact the reasons are not so
hard to understand.
Although it may be
hard to see it in the
economic ratios, or in any real restraint in credit expansion, in
fact Beijing has already taken serious steps towards rebalancing, although it may take a few more years to see this in the consumption share of GDP.
Psychology of learning; social analysis of the societies in which students will work; statistical methods applied to the
economic facts of ministers» salaries and the cost of tuition, and the like; and many other relatively precise procedures applied to limited data can give guidance to perplexed administrators that no amount of
hard thought about the large question of man's life before God will yield.
The assumption that the economy is basically sound, despite perhaps needing some changes, is probably behind the
fact that so many people believe
economic growth,
hard work and business are all effective ways of helping the needy.
In
fact, they've never done so, unlike legislators in the other states who have lowered theirs during
economic hard times.
But lurking quietly in the small print there will also be some
hard facts about Britain's
economic decline, about the failure of our current finance - and public sector - led approach to jobs, about the politically inspired fantasy forecasting from the Treasury in its pre-budget report just six months ago.
Although high early cash values (liquidity) are always a good thing, this
fact is emphasized during
hard economic times.
But in no case should a reporter who wishes to portray with accuracy the debates about global warming, present a minority view unbacked by science and promoted by businesses with a small, old dog in a very tough dog fight, as equivalent to
hard science from unbiased scientists with no
economic interest in anything but getting the
facts and predictions right.
But as we start to comprehend the twin
facts that oil is likely to become ever
harder and more resource intensive to come by, and that the Earth and its atmosphere does not have a limitless capacity to absorb the crap we pour into it, the cult of
economic growth at all costs starts to look a little shaky.
In order to ensure the
economic sustainability of the platform under the widest possible variety of circumstances, and in light of the
fact that issuing new coins to proof of work miners is no longer an effective way of promoting an egalitarian coin distribution or any other significant policy goal, I propose that we agree on a
hard cap for the total quantity of ETH.
«In order to ensure the
economic sustainability of the platform under the widest possible variety of circumstances, and in light of the
fact that issuing new coins to proof of work miners is no longer an effective way of promoting an egalitarian coin distribution or any other significant policy goal, I propose that we agree on a
hard cap for the total quantity of ETH,» Buterin wrote.
«To ensure the
economic sustenance of Ethereum network under the widest possible variety of circumstances, and in light of the
fact that issuing new coins to proof of work miners is no longer an effective way of promoting an egalitarian coin distribution or any other significant policy goal, I propose that we agree on a
hard cap for the total quality of Ethereum.»