The Federal Reserve should keep the basic value of the dollar steady rather than worry about the level of the stock market or fret about the length or strength of the economic expansion.
The recipient in April of a grant in the form of a lifetime achievement award from the Lehrman Institute, he is writing a book on the constitutional dollar, forthcoming from Basic Books.
If the Supremes uphold this basic argument, it could prevent multibillion-dollar settlements like the ones for Wyeth's diet drug Redux and Merck 's painkiller Vioxx from ever happening again.
"To the extent that the dollar is stronger, it makes the basic materials' fundamental environment that much tougher, " said Mr. Skaggs.
Because the federal government subsidizes between 50 cents and 76 cents of every Medicaid dollar spent, many states have significantly expanded the basic coverage.
Those of you who took basic finance classes may recall one of the earliest lessons: A dollar today is worth more than a dollar tomorrow.
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Many of these security measures, whether basic ones for a suburban duplex or elaborate systems for multi-million dollar homes, have multiple benefits.
The rise in basic materials such as precious metals was caused by a weakening of the dollar against other currencies, HSBC analyst Howard Wen said.
Britain has announced plans for a multi-million-dollar fund to ensure every child in the Commonwealth countries receives a basic education.
David Pritchard, an American academic and consultant who has studied both companies, says that Airbus must now send more basic work to cheap-labour countries in Asia with currencies tied to the dollar, keeping only high-added-value stuff and final assembly in Europe.
One last thought: Although the Roach-Frankel duo went on to address currencies and exchange rates, the two never got to a basic risk factor in the current fragile period: What if the U.S. dollar, under the weight of private and public misallocation of resources, were to collapse?
The current disruption in basic foods has several causes, but prominent among these is the undermining of the U.S. dollar as a global currency.
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