From The Causes of the Economic Crisis, and Other Essays Before and After the Great Depression — surrounding passage

To avoid arriving at this conclusion, which is also obviously absurd, one remains indecisively on the fence, midway between two equally nonsensical methods—on the one side the un-weighted average and on the other the fiction of a never-changing individual with never-changing values. Yet one believes he has discovered something useful.

“Truth is not the halfway point between two untruths.”

The fact that each of these two methods, if followed to its logical conclusion, is shown to be preposterous, in no way proves that a combination of the two is the correct one. All index computations pass quickly over these unanswerable objections. The calculations are made with whatever coefficients of importance are selected.