Re: Inflation

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Article #1731

#1731

From: William B Dwinnell
Date: Sun, 24 Jan 1993 01:00

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Charles:

    You say that "inflation is *defined* as an increase in prices...", but
you didn;t answer my question regarding the measurement of prices in
money. Why? Does it really make any more sense to say that I purchase
an autobmobile with money, than it does to say that the auto dealer 
purchases my money with a car?  We generally measure such things in
currency, for convenience's sake, but there is no mathmatical reason
why we must, and that is what economics boils down to: mathematics.

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Path: arc1-ca.pugleaf.net!sparky!uunet!gatech!pitt.edu!wbdst
From: wbdst+@pitt.edu (William B Dwinnell)
Newsgroups: sci.econ
Subject: Re: Inflation
Message-ID: <2422@blue.cis.pitt.edu>
Date: 24 Jan 93 01:00:35 GMT
References: <93Jan22.120509edt.574@neuron.ai.toronto.edu> <2385@blue.cis.pitt.edu> <1993Jan23.193637.17490@athena.mit.edu>
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