Skeeter Bug,
I think you have made an excellent point there. I am now convinced that there is no economic value added (and hence no growth) in any deflationary situation. Growth must be inflationary, otherwise it is of no use.
I think that I know the solution. Let's ask Intel and AMD to triple the price of CPUs as performances double. That way, with no other effort on their part, you and Mike's model would suddenly start showing enormous growth for the US GDP (inflationary growth, of course).
It's just that simple! I am feeling bad about the car that I just bought. In 1990, for this same price, I would have got a car with much less features. Now, the car companies are giving me more features for the same price. And, foolish me, I was duped into believing that actually my situation (and hence, by extension, that of the economy) has improved! How could it be, if the prices did not go up!?
We want higher prices!
NOW!
DOWN WITH GROWTH WITHOUT INFLATION!
Ho ho ho!
-BGR. |
