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How could inflation account for the conversion?

On the ground, I can tell you that the change was certainly felt. Overnight. It really was stunning.

In tourism too. No inflationary measure or market oriented growth analysis can account for 400% increases in room rates over 5 years.

Haven't spent so much time there, I have favorite haunts and favorite hotels, and I know for certain that the cost increases were far beyond anything that economic analysis can account for.

Unless of course, there's a way to measure Greek greed, but I really don't think it's that. The smallest item changed price.

by Upstate NY on Fri Feb 12th, 2010 at 11:46:28 AM EST
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