A404@lemmy.dbzer0.com to Lefty Memes@lemmy.dbzer0.comEnglish · 27 days agoTrouble in ancapistanlemmy.dbzer0.comimagemessage-square13linkfedilinkarrow-up1175arrow-down110file-text
arrow-up1165arrow-down1imageTrouble in ancapistanlemmy.dbzer0.comA404@lemmy.dbzer0.com to Lefty Memes@lemmy.dbzer0.comEnglish · 27 days agomessage-square13linkfedilinkfile-text
minus-squareKairos@lemmy.todaylinkfedilinkEnglisharrow-up9·26 days agoThis is meaningless. Currencies have different baselines. Western dollars, euros, and pounds happen to have roughly the same value.
minus-squareKrono@lemmy.todaylinkfedilinkEnglisharrow-up7·26 days agoRight, it’s more about how the baseline changes over time. 10 years ago, ~14 pesos would trade for 1 USD. Today, ~1400 pesos trade for 1 USD.
minus-squareKairos@lemmy.todaylinkfedilinkEnglisharrow-up3arrow-down1·26 days agoYes and none of that is in the post.
This is meaningless. Currencies have different baselines. Western dollars, euros, and pounds happen to have roughly the same value.
Right, it’s more about how the baseline changes over time.
10 years ago, ~14 pesos would trade for 1 USD.
Today, ~1400 pesos trade for 1 USD.
Yes and none of that is in the post.