yeah and fuck the people of Portland if that convenience consigns them to permanent stagnation amirite
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there is some regional price adjustment, particularly in housing, but I don't believe it approaches PPP w/ diff currnc
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PPP being a sort of parity, I assume
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purchasing power parity, yeah it's a basket of goods approach to comparing the real value of money in a time & place.
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and as alex said, the signals that move the value of the currency internationally are still tied to CA, NY, TX.
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Right, but if you're not using the currency internationally? What'd PPP look like btw 2 areas using 1 currency @ 2 values?
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I don't know the answer to that hypothetical, I don't even know if empirical evidence backs Alex & I up on this tbh.
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but currencies are used internationally, none more so than the US $
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