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Message: <blockquote data-quote="_CY_" data-source="post: 2090801" data-attributes="member: 7629">other than Austrian School of Economics not being part of mainstream economics .. most folks don't think much of them. no argument of bailout resulting in one of the largest transfers of wealth anywhere, but at's peanuts compared to what effect BIG oil had on world's economies. Chrysler was basically given away to Renault-Nissan for little to nothing. they essentially fronted up almost no cash on the deal. talk about a giveaway on a massive scale! one fact that I'm particularly proud of is my ability to write about very complex topics without putting folks to sleep. fact is economic can be a very complex topic ... too much technical details will put most folks to sleep and/or fly over their heads. when trying to explain purchasing parity... what I prefer is the Big Mac index ... which is a light hearted way to compare if a particular currency is over or undervalued as compared to the us dollar, when compared to a like basket of goods (Big Mac) found all over the world. <img src="https://www.okshooters.com/data/MetaMirrorCache/img.photobucket.com_albums_v186_o0pss_20120825_wop773_290_0.jpg" alt="" class="fr-fic fr-dii fr-draggable " style="" />here's the latest interactive Big Mac index ... just out <a href="http://www.economist.com/content/big-mac-index" target="_blank">http://www.economist.com/content/big-mac-index</a>past years ... Big Mac index<a href="http://www.economist.com/search/apachesolr_search/big%20mac%20index" target="_blank">http://www.economist.com/search/apachesolr_search/big mac index</a></blockquote>

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