One time I read an econonerd mentioning "purchase power dollars" or some shit like that, basically adjust by a big mixture of how many bananas/gasoline/burgers/etc you can buy with in each region.
I wonder if you could simplify that equation without sacrificing accuracy if the only value you tracked was the average cost of one month's rent on a two-bedroom apartment.
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One time I read an econonerd mentioning "purchase power dollars" or some shit like that, basically adjust by a big mixture of how many bananas/gasoline/burgers/etc you can buy with in each region.
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Explaining econony to americans: imagine different quantities of burger
I wonder if you could simplify that equation without sacrificing accuracy if the only value you tracked was the average cost of one month's rent on a two-bedroom apartment.
Yeah most likely
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