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Politics : Ask Michael Burke
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To: BGR who wrote (73592)1/14/2000 12:44:00 PM
From: Mike M2  Read Replies (2) of 132070
 
BGR, few gov'ts have proven themselves to be worthy of the peoples trust. Power corrupts absolute power corrupts absolutely - this is why many favor restricting government's power. Have you noticed that all the changes in the governments economic statistics serve to support the new era beliefs. One of the most blatant examples in the implementation of chained dollar GDP. The government decides that because computer prices have fallen but performance has improved that the real dollars exchanged understate the real growth of the economy. What really matters though are real dollars that change hands PC makers report their results in real dollars not chained dollars. No other government in the world uses this method. See business Week July 12 ,1999 feature " Economic Trends" Robert Gordon. See also the Survey of Current Business - Federal Reserve Flow of Funds Mike ho ho ho TL & EV!
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