Sunday, August 03, 2014

Federal Reserve

Using the Big Mac as a metric for world currencies, despite all the money the Fed has printed, the dollar appears more stable than most, but I don't trust the metric. Rich people don't buy many Big Macs in America. I don't know if that's true in Europe where they're more of a novelty, and rich people, because they receive newly printed money first, are driving up prices.
 

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