What can burgers possibly tell us about the economy?
The price of burgers has always been a reliable indicator of the state of the economy. When the economy is good, people are willing to spend more money on beef and other luxury items.
- Burgers provide us with an indicator as to how much currency is being printed through the amount spent purchasing food.
- Burgers stand as a test to see whether the currency is being used as an incentive to save money (i.e., a store of value).
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Countries also use Big Mac burgers as an economic indicator to understand purchasing power.
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