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Politics : Ask Michael Burke

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To: Knighty Tin who wrote (69362)	10/21/1999 1:35:00 PM
From: Don Lloyd	Read Replies (3) of 132070

MB - From today's WSJ - A new era puff piece by economist/author Brian S. Wesbury "Have no Fear, Inflation Isn't Here" "...The Internet is not just a new way of doing business; it is a completely new paradigm of economic activity. A brick-and-mortar retail store has a finite capacity for sales, while an online store has infinite capacity..." "... In the new era of increasing returns, a computer is an appreciating asset because every day another software or online application is invented or more information is added onto the World Wide Web. In a strict accounting sense the computer is depreciating, while in the real world it is increasing in value every day..." "...Next week, the Commerce Department will release a major revision in GDP statistics that will include software as an investment. This will significantly boost GDP and productivity statistics..." With a fantasy world outlook like this, the author is a sure CNBC interview. -g- Regards, Don interactive.wsj.com May need subs.

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