View from the Wing - What Economics Tells Us About Mileage Inflation, and Why United is Now a...

Discussion in 'Blogstand' started by BoardingArea, Nov 3, 2013.  |  Print Topic

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    Ten years ago on Flyertalk I outlined a simple model of why we can expect frequent flyer programs to devalue over time. I explained that frequent flyer miles are a currency, but they are printed by a single company and there’s no independent central bank or other body whose job it is to...
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