$ = iPod

Just a quick RadPost about the prevailing winds of global economics and how it relates to mass-marketed consumer electronics. Economists are using the iPod nano as the benchmark for valuing currency around the globe. It’s a way to see how other currency networks match up against each other — kind of like how our $1 is worth around 90 cents in Canada. Now, our $149.99 iPod is worth $182.11 in Australia. Fascinating — that the iPod is ubiquitious enough to be used as a measuring stick for market trends. What a strange way to think — that my house, worth about 1,600 iPods, may be worth 1,900 iPods in Brazil. How would we type that? Instead of $1,600, would it be i1,600?

Just a thought about how technology affects the many.

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