While Local Economies May Experience Significant Price

But Rules Cannot Substitute For Character.

If We Are To Remain Preeminent In Transforming Knowledge Into Economic Value, America's System Of Higher Education Must Remain The World's Leader In Generating Scientific And Technological Breakthrough, And In Meeting The Challenge To Educate Workers.

A Decline In The National Housing Price Level Would Need To Be Substantial To Trigger A Significant Rise In Foreclosures, Because The Vast Majority Of Homeowners Have Built Up Substantial Equity In Their Homes Despite Large Mortgage-market Financed Withdrawals Of Home Equity In Recent Years.

Nor Can Private Counterparties Restrict Supplies Of Gold, Another Commodity Whose Derivatives Are Often Traded Over-the-counter, Where Central Banks Stand Ready To Lease Gold In Increasing Quantities Should The Price Rise.

The Iraq War Is Largely About Oil.