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Article #1701Re: Since no one is defending inflation, (was re: Inflation)
From: William B Dwinnell
Date: Sat, 23 Jan 1993 13:58
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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Path: arc1-ca.pugleaf.net!sparky!uunet!cs.utexas.edu!qt.cs.utexas.edu!yale.edu!nigel.msen.com!hela.iti.org!cs.widener.edu!dsinc!pitt.edu!wbdst 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> Sender: news+@pitt.edu Organization: University of Pittsburgh Lines: 15