Welcome to European Tribune. It's gone a bit quiet around here these days, but it's still going.
Yes, discounting - of which inflation is a sub-field - is inherently political.

But my point is that "core inflation" isn't an attempt to arrive at a meaningful discount rate: It is an attempt to divine the expected discount rate of fixprice market participants.

- Jake

Friends come and go. Enemies accumulate.

by JakeS (JangoSierra 'at' gmail 'dot' com) on Tue May 25th, 2010 at 06:39:03 AM EST
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