All Posts Tagged With: "birth/death model"

Then, finally, we get to how to magically reduce inflation with “product substitution” in the consumer’s shopping basket (“if flank steak gets too expensive, people are assumed to shift to hamburger, but nobody is assumed to move up to filet mignon”), continuing with the lunacy of the inflation-reducing scam of “geometric weighting” of the items still in the shopping basket…

May 6th, 2008 | Mogambo Guru | 1 comment | Continued