The economic collapse, when inflows of capital halt, can be very painful - even more so if a fixed exchange rate (or currency union) demands a period of falling nominal wages and prices.

当资本流入停滞的时候，经济崩溃可能是非常痛苦的——如果固定汇率(或货币联盟)要求名义工资和价格在一定时期内下降，情况就更加糟糕。

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Yet in the years leading up to OSHA, workplace fatalities were falling at the same rate as they fell in the period after its passage.

FORBES: Regulations Are Very Expensive, But Their Economic Value Is Negative

Unfortunately, during much of this period world growth was dismal not robust, so the falling euro exchange rate did nothing for net exports.

FORBES: Europe Will Recover As The Euro Falls