On Tuesday 25 December 2001 03:14, you wrote:
> The exchange rate of the $A to $US may be roughly 2:1, but that doesn't
> mean the purchasing power of an Australian dollar in Australia is any
> different from the purchasing power of a US dollar in the US. A bizarre
> state of affairs, really - you'd think everybody in the United States
> would move to Australia, or all the goods in Australia would be exported
> to the United States - but there it is, a testament to the unfinished
> business of building an inertialess global economy.
It IS bizarre, if it holds across the board. On the other hand, Ms. Lamar's
post seems to suggest that things there really are twice the cost in
numbers, just like the currency. I'll be visiting there in 2002, and if
things continue, I'll see for myself.
-- Randall Randall <wolfkin@freedomspace.net> Crypto key: www.freedomspace.net/~wolfkin/crypto.text On a visible but distant shore, a new image of man; The shape of his own future, now in his own hands.-- Johnny Clegg.
This archive was generated by hypermail 2b30 : Sat May 11 2002 - 17:44:31 MDT