🚀 go-pugleaf

In article <1993Jan23.165450.9818@athena.mit.edu> cmk@athena.mit.edu (Charles M Kozierok) writes:
>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.

After the fairly extensive amount of inflation which people have seen
particularly over the past 100 years, it is NOT likely that there are
many people who are unaware of the presence of inflation.

It's difficult to decieve people who ARE aware that inflation exists.

>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. 

How can you say this in the presence of extensive COLA agreements?
People DO know that part of their raises DOES relate to inflation.
People demand raises that are based at least in part on the rate of
inflation.

Those that don't are either: 
a) Woefully ignorant, or 
b) Considering that something else is much more important than
inflation.  (For instance, a baseball player that did REALLY WELL this
year may demand a pay increase based on THAT.)

The fact that they'll "blame" the store for price increases, or
"credit" themselves with wage increases is another question
altogether.  It's either that they're incapable or unwilling to
recognize the reality that EVERYONE that increases prices (for ANY
reason whatsoever) is responsible for some portion of the inflation
that occurs.

-- 
Christopher Browne                |     PGP 2.0 key available
cbbrowne@csi.uottawa.ca           |======================================
University of Ottawa              | Genius may have its limitations, but
Master of System Science Program  | stupidity is not thus handicapped.