What A Difference Three Years Makes
Patrick's Tailor in Bangkok, Thailand 2005
Patrick's Tailors in Bangkok, Thailand 2008
CARPE DIEM
Professor Mark J. Perry's Blog for Economics and Finance
Thursday, March 20, 2008
About Me
- Name: Mark J. Perry
- Location: Washington, D.C., United States
Dr. Mark J. Perry is a professor of economics and finance in the School of Management at the Flint campus of the University of Michigan. Perry holds two graduate degrees in economics (M.A. and Ph.D.) from George Mason University near Washington, D.C. In addition, he holds an MBA degree in finance from the Curtis L. Carlson School of Management at the University of Minnesota. In addition to a faculty appointment at the University of Michigan-Flint, Perry is also a visiting scholar at The American Enterprise Institute in Washington, D.C.
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2 Comments:
Changing currencies is one way to hide a price increase.
Had Patrick kept his pricing in US$, how much would he have _lost_ by 2008? Remember, the US$ is _falling_ (falling) against other currencies.
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