Saturday, May 10, 2008

On Inflation

We're doing inflation in class and I'd like you to check out the following (save, print, read, file):

This NYT article was brought to my attention by Elly V. (an ex-student -my best ever from the Lyceum part of the globe i.e. that side of Kapodistriou- and, hopefully, a soon to be colleague):
For Europe’s Middle-Class, Stagnant Wages Stunt Lifestyle

This one is interesting as it helps you understand some of the terms we learn and how they are used but most importantly because it provides a (plausible) explanation to why every single Greek thinks that the government is manipulating the statistic. Think about it. The points made are sensible!
Seeing Inflation Only in the Prices That Go Up

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