Sunday, March 13, 2011

Frontiers of Price Indexing or Product Placement?

"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

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