in a perfect world the theory would be a great way to understand trade deficits and such.
however, the access to trade affects it, artificial factors like subsidies affect it, unknown factors such as conspiracies to keep prices on certain items low or certain items high affects it, i.e. housing prices, gold prices, corn products etc.
I do not trust any modern government not to mess with prices so much that I think the purchasing power theory needs to be thrown out.
Good
ranjitmannath 2 weeks ago
Great Video !!,
Now that I know what PPP is, can u throw some light on what GDP by PPP as opposed to nominal GDP of a nation is ?
Thanks
SuperSangfroid 1 month ago
BRILLIANT! Simple & effective... thank you!
strumstrings19 8 months ago
THANKS!
beenthere888 9 months ago
thank you! helped me while studying for an exam :D
viviannnnnli 10 months ago
Very clear
ThePoliticalMoose 10 months ago
thats my homework done!
SeargaentHawkeye 1 year ago
WOW AMAZING
isilark 1 year ago
what;s up wiht the music it makes me shiver
internet740 1 year ago 3
Really helpful, thanks!
MrPlender 1 year ago
Great video! Thanks for posting.
kyledidrik 1 year ago
in a perfect world the theory would be a great way to understand trade deficits and such.
however, the access to trade affects it, artificial factors like subsidies affect it, unknown factors such as conspiracies to keep prices on certain items low or certain items high affects it, i.e. housing prices, gold prices, corn products etc.
I do not trust any modern government not to mess with prices so much that I think the purchasing power theory needs to be thrown out.
shakaama 2 years ago
another great video!!
niggaflies 2 years ago