Also, budget deficits got easy to finance in the absence of dollar convertibility, so you can hang their permanence on 1971 as well.

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"It's not easy to calculate that kind of thing as a dollar amount, " said Nina Simon, director of litigation for the Center for Responsible Lending.

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Add to that a low Australian dollar, excellent food and wine, friendly and easy-going people who do not sneer at tourists, because they travel themselves, first-world health and safety standards and a low crime rate, and the place sounds irresistible.

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