this post was submitted on 07 Aug 2025
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[–] echodot@feddit.uk -3 points 1 week ago (4 children)

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.

[–] Cenzorrll@lemmy.world 20 points 1 week ago

Because 1 apple isn't equal to 1 banana.

[–] squaresinger@lemmy.world 6 points 1 week ago

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.

[–] AnUnusualRelic@lemmy.world 2 points 1 week ago

That's why people really ought to be taught basic economics before being let out to frolic in the wild.