Even devaluations brought about by loose monetary policy can be a mixed blessing as the U.K. has discovered, since higher inflation eats into living standards.
Only one company asked the U.S. government to suspend the Jones Act, though a U.S. maritime-labor group gave its blessing to the decision (the Jones Act was created, in part, to protect maritime jobs).
But the Security Council was unable to reach a consensus on the matter, and a U.S.-led army invaded Iraq in March without the blessing of the United Nations.