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minus-squareEcho Dot@feddit.uklinkfedilinkarrow-up0arrow-down3·4 months agoWhy is the US dollar always worth less than the pound and the euro, if it’s this great functioning economy? I’ve never been able to work that one out.
minus-squaresquaresinger@lemmy.worldlinkfedilinkarrow-up3·4 months agoBecause the actual number doesn’t matter, only the change trajectory. Put it differently: A water melon costs more than a dollar. Still, a water melon doesn’t have a great functioning economy.
minus-squareCenzorrll@lemmy.worldlinkfedilinkarrow-up2·4 months agoBecause 1 apple isn’t equal to 1 banana.
minus-squareAnUnusualRelic@lemmy.worldlinkfedilinkarrow-up1·4 months agoThat’s why people really ought to be taught basic economics before being let out to frolic in the wild.
Why is the US dollar always worth less than the pound and the euro, if it’s this great functioning economy? I’ve never been able to work that one out.
Because the actual number doesn’t matter, only the change trajectory.
Put it differently: A water melon costs more than a dollar. Still, a water melon doesn’t have a great functioning economy.
Because 1 apple isn’t equal to 1 banana.
That’s why people really ought to be taught basic economics before being let out to frolic in the wild.