Tuesday, December 25, 2007

Deflation and Rumination

My latest post the Blog at Mises.org(Mises.org):











Please alert your loved ones about the coming price deflation. Assuming that mainstream economists are correct, tomorrow's sales signal the beginning of the end.

Ah, yes, the quality of customer service during holiday shopping. Customer service is the result of consumer valuation of service versus price. Quality service is still available, but I'd rather face the uninterested clerk if it means I save a few percent on the sale. To say that businesses do not have the money to train staff is to say that the customer is unwilling to pay for that training. Quality service is a scarce commodity, but it is a commodity that is available to all who value it.

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