Abstract
When we start to worry about the pound dollar exchange rate and maybe to think that there is something awe inspiring about ‘parity’ (ie $1 exchanging for £1) — we might just remember that forty years ago the £ was worth five dollars and at the same time our standard of living was about half of that we enjoy today. Money doesn't matter — what does is the goods and the services that go to make up our living standards.
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