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You got me confused now. The price of $1 is $1, no? But the value is that I need 1 or 100 to buy a bread.
by koonsolo 9y ago
You got me confused now. The price of $1 is $1, no? But the value is that I need 1 or 100 to buy a bread.
- ska 9y ago$1usd == $1usd is a tautology, not a price. how much you need to buy a loaf of bread is purchasing power. The price of a $1USD is always relative to another currency, you can't price it in isolation. None of these things are valuations.