Has actually developed an exchange rate table using Arjun Makjani's basket of goods method? (For those unfamiliar with him, he argues that market exchange rates are yet another way of cheating poor and third world countries . One example of his point is that you can buy within Mexico more with the Mexican peso than the exchange rate with the dollar would suggest. He suggest a fair currency exchange rate would compare how many dollars vs. how many pesos it takes to buy a fixed basket of goods.) Does his basic argument make sense? Are market currency exchange rates one way the first world extracts surplus value from the second and third? -- Gar W. Lipow 815 Dundee RD NW Olympia, WA 98502 http://www.freetrain.org/
