Re:Why the Oil Price and the US Dollar Are Negatively Correl...
by simonh on Wednesday November 25, 2015 @08:40AM
(#10627086)
>Take out the phrasing "compared to other currencies" and you're there
In that situation - the dollar has a stable price versus other currencies but goods are cheaper - I don't think it makes as much sense to say that the dollar is more valuable because all currencies are more valuable in the same degree. Rather it's the goods that have got objectively cheaper.
In that situation - the dollar has a stable price versus other currencies but goods are cheaper - I don't think it makes as much sense to say that the dollar is more valuable because all currencies are more valuable in the same degree. Rather it's the goods that have got objectively cheaper.