Track_Shovel@slrpnk.net to Comic Strips@lemmy.worldEnglish · 23 hours agoHealth insuranceslrpnk.netexternal-linkmessage-square55fedilinkarrow-up11.08Karrow-down18
arrow-up11.08Karrow-down1external-linkHealth insuranceslrpnk.netTrack_Shovel@slrpnk.net to Comic Strips@lemmy.worldEnglish · 23 hours agomessage-square55fedilink
minus-squareEcho Dot@feddit.uklinkfedilinkarrow-up5arrow-down7·17 hours 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-up5·7 hours 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-squareAnUnusualRelic@lemmy.worldlinkfedilinkarrow-up1·6 hours agoThat’s why people really ought to be taught basic economics before being let out to frolic in the wild.
minus-squareCenzorrll@lemmy.worldlinkfedilinkarrow-up19·17 hours agoBecause 1 apple isn’t equal to 1 banana.
minus-squareiknowitwheniseeit@lemmynsfw.comlinkfedilinkarrow-up4·14 hours 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.
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.
That’s why people really ought to be taught basic economics before being let out to frolic in the wild.
Because 1 apple isn’t equal to 1 banana.
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.