EPISODE · Mar 30, 2019 · 9 MIN
The Error of Pricing Goods in Gold
from The Blue Collar Economist Podcast · host Robert A. McKeown
Terms matter. There is a false understanding as to how gold and silver commodity prices reflect values of current goods and services. Let us see how it is erroneous to simply use commodity prices as reflections of consumer prices in currency terms. https://thebluecollareconomist.com/2014/10/08/the-error-of-pricing-goods-in-gold/
What this episode covers
Terms matter. There is a false understanding as to how gold and silver commodity prices reflect values of current goods and services. Let us see how it is erroneous to simply use commodity prices as reflections of consumer prices in currency terms. https://thebluecollareconomist.com/2014/10/08/the-error-of-pricing-goods-in-gold/
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The Error of Pricing Goods in Gold
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