Likewise, debased dollars wobble the scale at the point of exchange and push commodities up a la an oil shock.
FORBES: Moody's May Rate Treasuries Aaa, But Central Planning Scores An F
The more rigid wages are, the greater the need for a flexible exchange rate to help the economy respond to an external shock.
ECONOMIST: Getting out of a fix
He believes the nation would be best served by a short, sharp, electric-shock-therapy approach, enduring the short-term pain of austerity in exchange for the long-term gains derived from being part of a better European economy.
BBC: Netherlands election analysis: Dutch show faith in Europe
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