One US dollar is worth approximately eight Chinese renminbi. The problem with the 8 to 1 conversion is that it doesn’t help us to make decisions about the value of the things we buy.

Some consumer items cost the same in China as they do in America. A pair of Nikes costs over [...]

…but would it ever be able to regain the energy it would require to build, move, service and collect electricity from all those barriers? Why not just affix pinwheels to all the cars? They’d look better in parades, too. And everybody loves a parade.

Who comes up with this stuff?