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Paul Krugman@pkrugman.bsky.social |
I keep seeing a factoid to the effect that the euro area and the US economies were the same size in 2008, but America is now 44 percent bigger. Folks, that’s just the exchange rate. At purchasing power parity, nothing like that has happened
10 replies 191 reposts 528 likes
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@anonpostingdisease.bsky.social
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I am also wondering why I am seeing these non-PPP comparisons constantly
0 replies 0 reposts 0 likes
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Chris Broome
@cabroome.bsky.social
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Sub tweeting (sub-skeeting?) the distinguished Mr Zakaria?
0 replies 0 reposts 0 likes
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Pups
@andrew.graysky.social
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Do you have the data for the UK to add to this graph?
2 replies 0 reposts 0 likes
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Ammonium Azide
@nh4n3.bsky.social
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Are they literally just cherrypicking exchange rates to make this point?
2 replies 0 reposts 2 likes
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Kevin Donoghue
@donoghuek.bsky.social
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Isn't that just a way of saying that the dollar is overvalued?
1 replies 0 reposts 4 likes
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LeRoc
@leroc.bsky.social
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Thank you. This already sounded fishy to me, I'm glad to have your confirmation.
0 replies 0 reposts 5 likes
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resting kitsch face
@djsoubise.bsky.social
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kind of hard to eye ball the difference there, is there a delta graph?
0 replies 0 reposts 0 likes
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Andrew Warford
@warford.bsky.social
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I am pleased to see the term factoid used properly. For example, a spheroid is something that resembles a sphere. A factoid is something that resembles a fact.
0 replies 0 reposts 0 likes
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Stan Chera (Marxist)
@marxistplanner.bsky.social
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Tell Fareed Zakaria, he just published an op ed with that factoid
0 replies 0 reposts 6 likes
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Matt Robold (rumdood)
@rumdood.com
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Next you're going to tell me that the UK, the world's sixth largest economy, is not actually poorer than Mississippi.
3 replies 0 reposts 4 likes