Re: [OPE] Jubak, "Fake inflation numbers masked crisis"[MESSAGE NOT SCANNED]

Dave Zachariah wrote:
> 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?
>
The effect is in the opposite direction!
> //Dave Z
> _______________________________________________
> ope mailing list
> ope@lists.csuchico.edu
> https://lists.csuchico.edu/mailman/listinfo/ope
>

_______________________________________________
ope mailing list
ope@lists.csuchico.edu
https://lists.csuchico.edu/mailman/listinfo/ope
Received on Mon Dec 8 11:12:51 2008