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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: Wyätt Gwyön who wrote (122939)9/17/2001 11:23:39 PM
From: NOW  Read Replies (1) of 436258
 
As Ludwig von Mises pointed out:

A judicious housewife knows much more about price changes as far as they affect her own household than the statistical averages can tell. She has little use for computations disregarding changes both in quality and the amount of goods which she is able or permitted to buy at the prices entering into the computation. If she “measures” the changes for her personal appreciation by taking the prices of only two or three commodities as a yardstick, she is no less “scientific” and no more arbitrary than the sophisticated mathematicians in choosing their methods for the manipulation of the data of the market."

No Inflation? What planet are you on?
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