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Recreating a currency is far harder than devaluing an existing one .

创造一种新货币远比贬值现有货币艰难。

For starters , by flooding the world with extra dollars , the fed is effectively devaluing all dollars .

首先，美联储让大量的额外美元涌入全世界，由此就可以实实在在地导致所有美元贬值。

During the depression , they could retaliate by devaluing their own currencies .

在经济萧条时期，他们可以通过货币贬值刁难对方。

In the same way devaluing temptations helps us automatically avoid them .

同理，贬低诱惑的价值也会让我们自然而然地避开它们。

By devaluing against gold , their money also became cheaper against currencies that kept their gold parity , giving domestic producers a cost advantage over many foreign firms .

当这些国家的货币相对黄金贬值时，相对于其它仍然由黄金平价决定的货币而言也贬值了，因此这些国家的国内制造商相对外国公司具有了成本优势。