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JakeS:
the real inflation is whatever the inflation is
That begs the question of that "inflation" is. And most definitions of inflation are circular or "fudge-factor" definitions, where all we have is a disparate collection of price and volume series and it's by no means clear that there is an index that captures it.

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by Migeru (migeru at eurotrib dot com) on Tue May 25th, 2010 at 04:16:41 AM EST
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