Friday, June 4, 2010

Exchange Rates

One of the lessons in teaching exchange rates to students rests on the fundamental economic issue of "compared to what?" A currency is "stronger" or "weaker" compared to what? Is that strength or weakness a reflection of one country, the other country or the countries compared to each other? Consequently, this little limerick by Dr. Goose speaks volumes.


Dr. Goose said...

I am glad to see that there is educational value in my verses - thanks for spotlighting it.
Dr. Goose

Tim Schilling said...

Dr. Goose,

My pleasure. Keep up the good work - anything that makes the Dismal Science a little less Dismal is okay by me.