Reply #52: Not The Good Economists [View All]

[ProfessorGAC]

It's a term used to describe the marketing impact on consumer demand in both directions. But, it's not intended to be used as a good thing. In fact, anyone who doesn't determine inflation based upon actual productivity (which goes down since 18 cans of pop costs less to produce than 24), is a hack and probably works for Bear and Stearns or the Dept. of Commerce. (Or worse, AEI or Cato.)
The Professor