https://www.economist.com/big-mac-index
Basically, it's a comparison of a world wide good(s) to compare relative values of currencies.
But hmmm, (yumm? :D ) what if we used something like it to set the value of currency over time? As a way to control inflation? No more gold standard, nor floating currency values. Set currency values per kilo of something ubiquitous- wheat? steel?
Too 'One World' ?
Basically, it's a comparison of a world wide good(s) to compare relative values of currencies.
But hmmm, (yumm? :D ) what if we used something like it to set the value of currency over time? As a way to control inflation? No more gold standard, nor floating currency values. Set currency values per kilo of something ubiquitous- wheat? steel?
Too 'One World' ?
via International Skeptics Forum https://ift.tt/u1GReoz
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