🚀 go-pugleaf

In article <2399@blue.cis.pitt.edu> wbdst+@pitt.edu (William B Dwinnell) writes:
>
>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?

an illusion which creates a deceptive situation deserves as much
of the blame (at least) as those it fools. even if most of the populace
should know better, they don't -- as such, that is one drawback of
inflation.

it is not a matter of basic math. it is just a natural tendency that
inflation is often not considered when things increase in price. just
as people may "blame" the store when the price of milk goes up, they
similarly attribute "credit" to themselves when they get a raise
which is in fact just inflation compensation. 

--
charles