Reddit refuge

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Cake day: June 16th, 2023

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  • Only one oil country switched to Euros and an invasion switched it back to dollars.

    A lot of the international banking structure was built on American systems of banking, so the dollar got baked into a lot.

    Until Trump, the dollar was generally seen as more stable given its longevity and being the currency of the largest superpower.

    Also, compared to the Euro and Yuan, the American dollar has an internal hedge when it comes to energy prices given that the USA can supply most of its energy needs by itself. It is hard to handle an oil shock when the currency’s value drops because the internal market can’t afford oil.


















  • No, but it is more a sign of what a restaurant or store will focus on. If the raw ingredients are of lower costs than rent and labor, it may make more sense to provide more food.

    For restaurant culture in the USA, there is generally a focus on large portions, free tap water, few courses, and turning tables over quickly. A lot of early fast food chains were effectively food factories, skimping out in rent and reducing labor costs because those are the major costs.