"My husband is not American. He was born in Brazil, where he grew up under a filthy, corrupt dictatorship. In his twenties, he moved to Europe, where he lived for a while under various socialist democracies. He spent a few years on a kibbutz in Israel, living out a utopian experiment in communal existence."

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The IMF insisted that both Russia and Brazil maintain their currency at over-valued levels. Who are you protecting when you try to maintain that exchange rate by having high interest rates? You're protecting domestic and foreign firms that have gambled on the exchange rate. And who is paying the price? The small businesses that did not gamble [and no longer can afford loans], the workers who are going to be put out of jobs.

— Joseph Stiglitz