[wdmmg-discuss] Treasury announcement

[Francis Irving]

On Mon, May 24, 2010 at 03:00:14PM +0100, Rufus Pollock wrote:
> However, we think there is more to extract there (not exactly the
> clearest description of cuts and not sure how to classify a "freeze"
> -- or how to compute its exact impact compared to counterfactual of no
> freeze).

Is it credible to measure everything in real terms in some way? 

That will beg what measure of inflation to use though...

Francis