“Nobody dislikes currency inflation more than strippers”

The link to the associated cartoon with that caption is here, from Tim Harford’s Twitter feed. But is that claim true?  It depends on the margin.  Let’s say the standard tip is a dollar, and price inflation lowers the real value of that dollar.  A lot of customers won’t substitute into stuffing $1.43 into the […]

via Marginal Revolution http://marginalrevolution.com/marginalrevolution/2013/11/nobody-dislikes-currency-inflation-more-than-strippers.html