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The most powerful recent innovation in government is when states aggressively use community colleges for retraining. In Michigan, where large numbers of workers were displaced from the manufacturing industry, we created a wildly successful program: No Worker Left Behind. ↗
But clearly an economy that's growing and expanding like this one - and it certainly is doing that with high GDP output, employment numbers strong, capacity utilization strong - that's an environment in which the Fed needs to continually be alert to early signs of inflation. ↗
Two of the most famous Baghdadi scholars, the philosopher Al-Kindi and the mathematician Al-Khawarizmi, were certainly the most influential in transmitting Hindu numerals to the Muslim world. Both wrote books on the subject during al-Ma'mun's reign, and it was their work that was translated into Latin and transmitted to the West, thus introducing Europeans to the decimal system, which was known in the Middle Ages only as Arabic numerals. But it would be many centuries before it was widely accepted in Europe. One reason for this was sociological: decimal numbers were considered for a long time as symbols of the evil Muslim foe. ↗