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Article #1701

Re: Since no one is defending inflation, (was re: Inflation)

#1701
From: William B Dwinnell
Date: Sat, 23 Jan 1993 13:58
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charles, you say that inflation is a "lie", which "leads to workers
thinking they are getting increases due to increased efficiency
when they are just keeping pace." I have no doub that people may
be misled by the numbers, and that managers (or others) may use 
such statistics against workers (as they say, "Figures don't lie,
but liars can figure."), but this hardly seems to be the fault of
anyone but workers. Now, before anyone mails me a bomb, understand
carfeulxxxxx carefully what I just said: that there are detrimental
effects of inflation, but workers getting fooled, is the workers'
fault, for not being informed. As adults in society, they have the
responsibility to take care of themselves. Basic math is 
something which anyone should be able to handle, in order to know
their own business (although, sadly, many don't), but if they don't,
why should we direct blame elsewhere?
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From: wbdst+@pitt.edu (William B Dwinnell)
Newsgroups: sci.econ
Subject: Re: Since no one is defending inflation, (was re: Inflation)
Message-ID: <2399@blue.cis.pitt.edu>
Date: 23 Jan 93 13:58:15 GMT
References: <1993Jan21.211928.8356@athena.mit.edu> <1jngr2INNfq7@darkstar.UCSC.EDU> <1993Jan23.031544.8949@athena.mit.edu>
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