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

From: Dave Zachariah <>
Date: Mon Dec 08 2008 - 08:47:08 EST

2008/12/8 Paul Cockshott <>:
> 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
ope mailing list
Received on Mon Dec 8 08:49:51 2008

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