Mohan:
Heh, heh, heh.
Welcome to the land of "chained dollars". You are forgetting that they have already doubled GDP growth through the simple expedient of "recalculating" the contribution made by computers. Just wait a bit, and they will "recalculate" the value to the economy of such things as printers, modems, palm pilots, etc. Then, when they get into gear, we will see the GDP REALLY take off through the "recalculation" of car engine power (Mike's concept which I understand is already under consideration), improved kitchen mixers, more powerful microwave ovens, stronger stapling machines, more robust flower seeds, more potent breath fresheners, etc. Give these guys a few months, and that forecast will be just about right. It all depends on one's perspective. (G)
Best, Earlie |
