Wednesday, May 22, 2013

I know

From mine of 11 May 2013:

I know that any time you divide "nominal" something by "real" something, you are factoring inflation into the result.

I know that after you factor inflation into something, the thing looks more like inflation than it did before.

I know economists like to take these things with inflation factored in, compare them to inflation, and say Wow, look at the similarity.

And I know the similarity is a sham.

// Related posts:
The Greatest Scam of the 20th Century
Kaminska and Unit Labor Cost
Symmetry in Deception: Similarities between "Unit Labor Cost" and "Money Relative to Output"

Posted by The Arthurian at 4:00 AM
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2 comments:

The Arthurian said...

And this topic is important because...
Because everything that needs to be undermined can be undermined by it.

May 22, 2013 at 6:35 AM
Greg said...

Yep

This is an example of the way the elite batter us with math.

Another way is with the accounting identities like S=I

Great article on the S=I I found today. I think youll like it too

http://www.nakedcapitalism.com/2013/05/excess-german-savings-not-thrift-caused-the-european-crisis.html

May 22, 2013 at 5:52 PM

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