Re: [Pen-l] deflation??

To: Progressive Economics <pen-l@xxxxxxxxxxxxxxxxxx>
Subject: Re: [Pen-l] deflation??
From: Carrol Cox <cbcox@xxxxxxxxx>
Date: Wed, 17 Dec 2008 12:35:10 -0600

Jim Devine wrote:
> 
> 
> [Note that most of the prices that are falling are "commodity" prices
> that are inelastically supplied and demanded (like those of gasoline,
> fruits, veggies, etc.)

I don't understand this. Is their a typo? It seems to say that both the
supply and the demand for (e.g., fruit) are ineleastic. Or does my poor
eyesight get in my way?

Carrol

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Thread context:
- [Pen-l] economic illiteracy at mcclatchy, Robert Naiman Wed 17 Dec 2008, 18:51 GMT
- [Pen-l] Auto Salvation and Restructuring - Only the Workers Can Make it Happen, Charles Brown Wed 17 Dec 2008, 18:02 GMT
- [Pen-l] Reality catches up with the catastrophists, Louis Proyect Wed 17 Dec 2008, 17:51 GMT
- [Pen-l] deflation??, Jim Devine Wed 17 Dec 2008, 16:54 GMT
  - Re: [Pen-l] deflation??, Carrol Cox Wed 17 Dec 2008, 18:10 GMT
    - Re: [Pen-l] deflation??, Jim Devine Wed 17 Dec 2008, 18:38 GMT
- [Pen-l] Car, home buyers could benefit from Fed rate cut, Charles Brown Wed 17 Dec 2008, 15:27 GMT
- [Pen-l] For consumers, little help from bank rate cut, Charles Brown Wed 17 Dec 2008, 14:31 GMT
- [Pen-l] Ultra-low US rates undermine repo market, Jayson Funke Wed 17 Dec 2008, 00:09 GMT

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