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Call it the benefits of global prosperity redistribution as a result of the falling value of the greenback (a mouthful I know, but swallow that doughnut and adhere to alongside). In effect, Brazilians, Europeans and South Africans are subsidizing our domestic consumption. Countries that insist on 'pegging' their currencies to the greenback- China, India and korean casino, for example- are bearing the brunt of U.S. monetary policy. We are exporting our inflation to them.

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