Is it any "fairer" for Peter to cut his prices by 35% based on depreciation in the US dollar? Welcome to the wonderful world of exchange rate risk - if you have a problem with the sagging dollar, there's an address on Pennsylvania Ave. you can send the letter to. ;)
Cheers!
Luke
I understand macro economics, and I also understand the dynamics of the free market. I was making the point that from the perspective of a US customer, the price was inflated due to the current exchange rate, compared to a year ago, and I can choose not to pay what I consider to be an inflated price (~ $28US) for his product, regardless of the politics or global monetary policy.