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Opinion, by Michael Royster

RIO DE JANEIRO, BRAZIL - Washington Irving coined the above term in 1836, some years after he created the Headless Horseman. The Curmudgeon finds both of them relevant to Brazil’s current reality, as the U.S. dollar has just headed north against the Brazilian real.

The full phrase from Irving’s short story The Creole Village is: “The almighty dollar, that great object of universal devotion throughout our land, seems to have no genuine devotees . . .

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