[lbo-talk] Frontiers of Price Indexing or Product Placement?

[michael perelman]

"Let them eat iPad." That was the cry Friday after William Dudley, head 
of the Federal Reserve Bank of New York, acknowledged to an audience in 
Queens, N.Y., that food prices had gone up before adding that some 
prices are lower. "Today you can buy an iPad 2 that costs the same as an 
iPad 1 that's twice as powerful."

Barley, Richard. 2011. "Comedy Fit." Wall Street Journal (12-13 March): 
p. B 18
http://online.wsj.com/article/SB10001424052748703555404576194993426238806.html?mod=ITP_businessandfinance_8

-- 
Michael Perelman
Economics Department
California State University
Chico, CA
95929

mperelman at csuchico.edu

530 898 5321
fax 530 898 5901
http://michaelperelman.wordpress.com