Consider the foreign importer: No doubt that importer's relative wealth position is enhanced by the devaluationist "gift"--at first.

FORBES: The sheer folly of currency devaluation.

The problem, one regularly ignored by those who believe that monetary debasement is the path to prosperity, is that the foreign importer can ultimately only import if it's exporting first.

FORBES: The sheer folly of currency devaluation.

Looked at through the lens of cross-border trade between an American firm suffering devaluationist policies and a foreign importer buying American goods with a rising currency, ultimately the importer is going to have to sell goods back to Americans in order to continue importing.

FORBES: The sheer folly of currency devaluation.

Every U.S. state besides Washington requires all foreign wines be shipped to an importer or distributor.

FORBES: Magazine Article

As the world's biggest arms importer, it spends billions of dollars a year on foreign weaponry.

ECONOMIST: Asian missiles