Track_Shovel to Comic Strips@lemmy.worldEnglish • 11 days agoHealth insuranceslrpnk.netimagemessage-square67fedilinkarrow-up11.3Karrow-down19cross-posted to: lemmydirectory@lemmy.dbzer0.com
arrow-up11.29Karrow-down1imageHealth insuranceslrpnk.netTrack_Shovel to Comic Strips@lemmy.worldEnglish • 11 days agomessage-square67fedilinkcross-posted to: lemmydirectory@lemmy.dbzer0.com
minus-squareEcho Dotlinkfedilink-3•11 days 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-square@squaresinger@lemmy.worldlinkfedilink6•10 days 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-square@iknowitwheniseeit@lemmynsfw.comlinkfedilink4•10 days agoBecause the actual amount of money is somewhat arbitrary. Like how if it is 77°F in the US it is the same temperature as it being 25°C in France.
minus-square@AnUnusualRelic@lemmy.worldlinkfedilink2•10 days 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 1 apple isn’t equal to 1 banana.
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 the actual amount of money is somewhat arbitrary.
Like how if it is 77°F in the US it is the same temperature as it being 25°C in France.
That’s why people really ought to be taught basic economics before being let out to frolic in the wild.