Since McDonalds doesn’t keep a Big Mac in a vault for every coin they issue, but rather make one whenever a coin is spent, it’s the exact same principle as other currency. And like other currency, its value derives from everyone’s trust in McDonalds’ ability to keep making Big Macs in the future.
Yeah, but a Big Mac today isn’t the same it used to be, either.
They still use 1/10 pound patties, but they weigh them uncooked, and meat today has more water in it that’s lost during cooking.
(This is why the general view that Big Macs got smaller and McDonalds’ claim they still use the same size patties are both true, by the way.)
Since McDonalds doesn’t keep a Big Mac in a vault for every coin they issue, but rather make one whenever a coin is spent, it’s the exact same principle as other currency. And like other currency, its value derives from everyone’s trust in McDonalds’ ability to keep making Big Macs in the future.
It’s not the same principle because it’s always one Big Mac. All the dollar stores are one dollar and up stores now.
Yeah, but a Big Mac today isn’t the same it used to be, either.
They still use 1/10 pound patties, but they weigh them uncooked, and meat today has more water in it that’s lost during cooking.
(This is why the general view that Big Macs got smaller and McDonalds’ claim they still use the same size patties are both true, by the way.)
Big Macs used to sell for $.50 and now they sell for $8. So one could argue the coins are actually a hedge against inflation.
Incidentally, US Forever Stamps serve a similar purpose.