• intensely_human@lemm.ee
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    18 days ago

    The value of currency is always relative to goods and services.

    Prices track the value of currency.

    • finitebanjo@lemmy.world
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      18 days ago

      But the prices YOU PAID don’t track the value of currency when the prices the STORE PAID are much much lower. The dollar still bought those goods cheaply, and it’s also still buying expensive homes, boats, and planes for some lucky shareholders and board members. It’s just not buying much for YOU because you have limited options to buy from.