PPP being a sort of parity, I assume
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Replying to @garrettlgray @380kmh
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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Replying to @garrettlgray @380kmh
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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Wouldn't a standard currency for intntl exchange (like $) mitigate the effects we're considering anyway?
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If everybody's denominating their trade in the same currency, where's the differential feedback come in?
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Replying to @garrettlgray @robvfour
that would exacerbate the effects, since the effects are caused by disparate economies using the same currency
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assuming I understood your question
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