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A comment on The One Number That Proves the Inflation Threat Is a Bogeyman. Parent comment

Re:The One Number That Proves the Inflation Threat Is a Boge... by roc on Monday April 30, 2012 @04:34PM (#3911320)
> "If productivity is falling, then production could be declining even as the number of jobs increases."

Good catch. But where's productivity been going? (Hint: not down. [1])

So while this indicates an assumption that should be identified and recognized, the correction doesn't impact the conclusion in this case.

[1] http://www.bls.gov/news.release/prod2.nr0.htm

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Re:The One Number That Proves the Inflation Threat Is a Boge... by dpatru on Monday April 30, 2012 @04:52PM (#3911433)
The productivity of some workers may be rising, but not all. For example, with all the investment in government we've had, government should be very efficient. Government services such as roads, transportation, education, care for the poor, wars on brown people, business regulations, prisons, etc should be very cheap right? Or could it be that as the private sector increases its productivity, the public sector correspondingly consumes/wastes more?
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