Furthermore, I assert, with no evidence to back it, that Uncle Al is so amazing that he has managed to keep the US$ constant in average hourly rate for the 6 billion people currently alive [or however many were alive] over the last 5 years during the world's biggest bubble formation [or rise in stockmarket value if that's your preference].
That's how the US$ should be managed. Then there's no need to fiddle with cellphone or cyberphone hedonics, software value etc.
Add up the world's hourly pay rates, convert them to US$ that day, divide by 6 billion or however many people there are and bingo, that's the value of a dollar. It should be about $1 if Uncle Al's doing his job properly.
It's silly to try to keep the $ fixed against the price of a cyberphone, a Lexus, a carrot, a Big Mac and a pair of gumboots. Gumboot technology has gone ahead dramatically and Big Macs are now little.
Mqurice
PS: Uncle Al has achieved that goal inadvertently, because in a similar way to Efficient Market Theory, the many things he fiddles with to determine monetary nirvana add up to the hourly rate of the average person. In a similar way, the fan club members of q [in that publication Mucho linked], can make a lot of money by checking q, then buying or shorting the indices according to how far off the 100 year mean it is. That's if you trust their q theory - don't try this at home; your mileage may vary and it does NOT carry a double your money back guarantee. |
