Currencies have no standard unit, only numbers and names: 100 yuan, 5,000,000 kwanza, 2 dollars, 5 euro.
To know what these monies are worth, we need to live in the country.
We must judge the value of money inductively by seeing many prices to reach a general conclusion.
That is why money and prices are always subject to inflation and deflation.
Join me here to learn how to make money work more accurately than it does now.
I learned how with the help of thousands of my students over more than 40 years of teaching and research as a university professor of sociology.
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