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Politics : Ask Michael Burke

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To: Earlie who wrote (73550)	1/13/2000 11:04:00 PM
From: Skeeter Bug	Read Replies (2) of 132070

earlie, saw an interesting piece on some econ conference. it was on the pbs lehrer news hour. samuelson (sp?) said the us is spending the entire world's savings and consuming the world's overcapacity. he said a run on the us wasn't out of the question. some guy named gordon said the tech productivity revolution was overblown by a lot. he also said that "real" economists don't predict the future. they leave that to those they "don't respect." why? it is impossible to do. have i ever learned that! there was a guy touting the tech revolution and the productivity gains it has given. he said it adds about 1% to gdp. no explanation of why monopoly chained dollars are required to boost productivity b/c the technology itslef doesn't. in fact, no mention of chained dollars at all ;-) nice piece, though.

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