Moreover, as the Board has explained in previous testimonies, this type of account would represent an inefficient, more costly and less readily available alternative to interest-bearing demand deposits. De novo interstate branching The Board also strongly supports an amendment that would remove outdated barriers to de novo interstate branching by banks.
Policy makers can learn from structuring their thinking and ensuring its consistency. Scientists can learn from incorporating the flexibility and practical relevance that is needed for solving real world problems under political constraints. I therefore do not believe in a model in which universities focus exclusively on science while policy making institutions abstain from any role in scientific research.