Well when HTML was promoted by Apple Adobe Flash was big but the consumer convenience and requirement finally led to Adobe Flash becoming obsolete Promotion of HTML even led to a rift between Apple and Adobe . I feel the current technology scenario should never be considered when creating break through products else it would have never lead to inventions of products like iPod or the iPhone in the first place. I feel if the product is good it will automatically carve the technology scenario around its need and people will give in eventually. Merchants will do it if the consumers start asking for it.
Bottomline Someone joked about the iPhone when it was launched and today that person is no longer the CEO of Microsoft Government Debt Management at the Zero Lower Bound by Robin Greenwood Samue l G. Hanson Joshua S. At least since the s the three domains of United States monetary policy fiscal and debt management policy and the Chinese Overseas America Number Data prudential regulation of financial intermediaries have been separate and distinct. However with the onset of the financial crisis in and and subsequent easing of monetary policy the lines between these domains have become blurred and conventional monetary policies have lost their impact.
This blurring of functions—and economists observation that Federal Reserve and Treasury policies with regard to US government debt have been pushing in opposite directions—suggests the need to revisit the principles underlying government debt management policy. In this paper the authors quantify the extent to which the Fed and Treasury have been working at cross purposes. They also present a framework in which traditional debt management objectives can be considered in conjunction with managing aggregate demand and promoting financial stability.