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thanks for the explanation but I was talking about the other part of the quote: "The fact that a dollar is worth the same in Los Angeles as it is in New York, o
by coronadisaster 6y ago
thanks for the explanation but I was talking about the other part of the quote: "The fact that a dollar is worth the same in Los Angeles as it is in New York, or Vancouver as it is in Halifax, is worth celebrating." It just isn't.
- leetcrew 6y agothe dollar is worth the same in orlando. the bread itself is worth more in NYC.
- coronadisaster 6y agoif you can buy less of the same thing with the same dollar, is it really worth the same in different areas? (no)
- ihunter2839 6y agoBut if both people buy an item from the same vendor (say, an online store that services both areas), then obviously they would pay the same amount. The differences in price you are describing are not changes in the value of the dollar but changes in the cost of producing and providing goods.
- exolymph 6y agoGoogle "unit of account"
- thwarted 6y agoA dollar is worth one dollar, literally by definition, set by the US government.