Price Level? No Such Thing

07/18/2003 Mises Wire Jeffrey A. Tucker

This piece from the St. Louis Fed argues for a price index that adjusts for quality. But the discussion also demonstrates the implausibility of the very idea of a price level. “Comparing Apples and Oranges.” Posted by Jeffrey Tucker

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Meet the Writer

Jeffrey A. Tucker

Jeffrey A. Tucker is the founder of the Brownstone Institute and an independent editorial consultant.

Mark Twain’s Little Societies of Exchange

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