Submitted by Simon Black from Sovereign ManHave you noticed this very deceptive form of inflation?Every summer, my colleagues and I invite young people from all over the world for an intensive 4-day workshop about freedom and entrepreneurship.
"... the resort was actually skimping out on our food portions!
"In other words, they kept the price the same as last year… but they were delivering less value than before. In this case, it was in the form of food portions that were at least 10% smaller!
"(Needless to say, we rectified this by ordering several dozen pizzas… followed by a very candid conversation with the resort’s General Manager.)
"This is an example of something that I see all over the world. It’s a shadow form of inflation that I call ‘value deflation’. ..."