tptaceck writes: "But a 44-year-old schoolteacher might not care about those things." That is the problem with PPP - it depends on making hundreds of such subj

tptaceck writes: "But a 44-year-old schoolteacher might not care about those things." That is the problem with PPP - it depends on making hundreds of such subjective valuations, all of which defy the actual market value of the currencies of the various countries. Why not simply compare the standard-of-living of 2 countries using the fair market value of the currencies? I think such an honest approach is unpopular in the US because such an approach shows how much the US has declined over the last 40 years, relative to other nations.