A Lesson In Economics

July 24, 2008 by TXPoet  
Filed under Uncategorized

I read a lot of articles and comments about the varying cost of things around the world and I am amazed at the lack of understanding by supposedly educated Americans. I suppose in part it is because I have traveled and lived around the world but mostly I accredit my understanding of finances to some great advice from my grandmother.

She taught me early that the cost of an item should not be measured in dollars and cents, but it should be measured by what you have to expend for that item.

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