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Strategies & Market Trends : Currencies and the Global Capital Markets
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To: Frodo Baxter who wrote (1092)12/4/1998 9:51:00 AM
From: Jerry in Omaha  Read Replies (2) of 3536
 
Mr. Kam,

<<Until you have some facts to bring to bear, your (Chip's) argument is just layering assumption upon hypothesis upon supposition.>>

Sounds to me like a good description of the lofty layers of lasagna that constitute basic Economic Theory. Rational beings, indeed! <G>

BTW, Mr. Kam -- In your posting #reply-6526232 were you "bringing facts to bear" when you proposed your Supermarket Price Indicator Table (my nomenclature) as your way of proving that deflation is non-existant or of little concern? In my posting immediately following yours #reply-6526840 I made the following observation regarding your "price facts" to which you have yet to reply:

Supermarket prices can be a deceptive baseline for comparison purposes. Do you know how much that same priced one pound can of coffee weighs today? Hint: It's not quite a pound of coffee any more. When was the last time you checked the tissue count on a same price as usual roll of TP?

Lawrence, is there a name for this type of price inflation via clandestine measure and weight deflation?

I would ask any contributor or reader to answer this question. There are areas where a weight or measure reduction can be interpreted as a productivity increase; in the case of lighter, stronger, thinner containers as an example. But short of "thumb-on-scale" -- in kind of a reverse sense -- is there a specific term or analysis for this economic deflation phenomenon that perverts the consumers ability to make "rational" decisions? Besides, that is, cheating the customer.

Jerard P
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