Jun
01

Big Mac Attack

The Friday File: The Economist, using only the price of a Big Mac, created “the Big Mac Index” to measure the costs of living in each country. Knowing this, Argentina’s Prime Minister pushed McDonalds to keep the price of Big Macs artificially low to make it look like prices are stable when there is serious inflation. The unintended consequence; McDonalds loses money selling Big Macs and thus promotes everything but.

Share This Post
Facebook Twitter Email

Speak Your Mind

*