Re: [OPE] Jubak, "Fake inflation numbers masked crisis"

2008/12/8 Paul Cockshott <wpc@dcs.gla.ac.uk>:
>
> 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.

How would this work Paul? How would one distinguish a rise in
productivity from a general rise in prices?

//Dave Z
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Received on Mon Dec 8 08:49:51 2008