But even if the single currency's strength is not enough to prompt intervention, it may delay a hike in interest rates.

ECONOMIST: Brutal, in every sense | The

In addition, young mothers face terrible threats to their health such as fistula -- a hole in the birth canal caused by prolonged labor without prompt medical intervention.

CNN: Africa's birth rate: 'Why women must be free to choose'

Importantly, as my FOMC colleague Gary Stern has pointed out, it would also mitigate moral hazard and the problem of "too big to fail" by reducing the range of circumstances in which systemic stability concerns might be expected by markets to prompt government intervention.

FORBES: Reducing Systemic Risk