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Thus , the pattern in emerging market economies that liberalized capital inflows has been lower investment in the modern sectors of the economy , and eventually slower economic growth ( once the consumption boom associated with the capital inflows plays out ) . In fact , capital inflows can make things worse , because they tend to appreciate the domestic currency and make production in export activities less profitable , further weakening the incentive to invest . Congress should increase the percentage of revenues from General Service Administration sales that are used , according to statute , to fund training . Although the system is currently running surpluses , the aging of the population implies that in about a dozen years expenditures will outstrip revenues . That he observed it in all its bearings , and as fixedly as I , was apparent ; but that he could discover in such circumstances so fruitful a field of annoyance , can only be attributed , as I said before , to his more than ordinary penetration . Nor will it be easy to apportion Kirkuk and oil revenues . Your Excellencies will bear in mind that distressed circumstances in Rotterdam had at length driven me to the resolution of committing suicide . It is evident that the hoop would now drop down within the car , while the whole weight of the car itself , with all its contents , would be held up merely by the strength of the buttons . This , at first sight , would seem an inadequate dependence ; but it was by no means so , for the buttons were not only very strong in themselves , but so close together that a very slight portion of the whole weight was supported by any one of them . Yet , at this distant day , let me do him the simple justice to acknowledge that I can recall no occasion when the suggestions of my rival were on the side of those errors or follies so usual to his immature age , and seeming inexperience ; that his moral sense , at least , if not his general talents and worldly wisdom , was far keener than my own ; and that I might , today , have been a better , and thus a happier man , had I more seldom rejected the counsels embodied in those meaning whispers which I then but too cordially hated , and too bitterly derided . Nothing can kill growth more effectively than an uncompetitive currency , and there is no faster route to currency appreciation than a surge in capital inflows . We only regret that the limits of our Magazine will not permit us to pay him that full tribute of commendation , which , under other circumstances , we should be so eager to pay . Having thus inserted a portion of the cloth forming the upper part of the bag , I refastened the loops — not to the hoop , for that would have been impossible , since the cloth now intervened , — but to a series of large buttons , affixed to the cloth itself , about three feet below the mouth of the bag ; the intervals between the buttons having been made to correspond to the intervals between the loops . One could trace its beginnings to the 1970 ’ s , when recycled petrodollars fuelled large capital inflows to developing nations . All these circumstances could change , and the U.S. could find itself in a less adverse position strategically sometime in the future . This done , a few more of the loops were unfastened from the rim , a farther portion of the cloth introduced , and the disengaged loops then connected with their proper buttons . By 2050 , scheduled benefits are projected to exceed revenues by 35 percent and the gap will continue to grow thereafter . That the passages quoted above , with the other similar ones referred to , gave Von Kempelen the hint , I do not in the slightest degree question ; but I repeat , it yet remains to be seen whether this momentous discovery itself ( momentous under any circumstances ) will be of service or disservice to mankind at large .