Word: gradualist
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...ought to make do with what he gave them - a third straight 50-point cut, the most he's ever provided in so short a time. With the economy admittedly teetering but not yet falling on its face, Greenspan has made it clear that he thinks a firm but gradualist easing is enough until the Main Street news gets worse...
Last week's hawkish increase marked a clear departure from the gradualist policies that Greenspan had championed for years. "Three years ago," recalls former Fed vice chairman Alice Rivlin, "some [FOMC] members were worried about the economy overheating. But I wasn't, and neither was Greenspan." Both argued that technology was making workers more productive and stifling inflation. The FOMC thus opted for a string of small rate hikes that became a hallmark of Greenspan's cautious approach to monetary policy...
...Keeping young Iranians on board for a patient chiseling away at the grip of the mullahs has proved a major challenge for the reformists, particularly after last summer's protests showed their mounting impatience. But the complex distributions of power and repressive instincts of the conservatives prescribe a gradualist approach among reformists. "If Iran is to complete the dizzying road from theocracy to democracy," says MacLeod, "reformers must find a way to speak to the Internet generation as well as to older Iranians who feel more comfortable with Islamic traditions and like to be assured that the reform movement remains...
...advanced technological power of the West, these statesmen sought ways to graft elements of foreign technology and organizational skills onto their own economic and political infrastructure, so that they could achieve the delicate task of strengthening their country rather than undermining it from within. This selective and gradualist approach allowed China to keep at least a measure of faith that it was somehow preserving its own inner value system even while using the West in a host of developing areas. During this 19th century period--as during the 1980s and into the present--the effects of this attempt...
There are no half steps in Sachs' world. He says that a gradualist approach of introducing limited market reforms into a centralized system, as Gorbachev tried for years, is doomed to failure. Sachs frequently cites the old Russian maxim that you cannot cross a chasm in two jumps...