> I think this indicates that the only valid measure of inflation is as > the rate of change of the MELT.> Any other measure is always going to be thrown off by the changes in > physical composition of the output.
Hi Paul C:
Well, there are measurement and conceptual issues and problems
witrh the estimation of the MELT (Monetary Expression of Labour
Time).
In solidarity, Jerry
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Received on Mon Dec 8 08:04:15 2008
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