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Pastimes : Clown-Free Zone... sorry, no clowns allowed

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To: Ilaine who wrote (88463)4/1/2001 8:40:53 PM
From: Mike M2  Read Replies (2) of 436258
 
CB, when the hedonic multiplier is applied to investments in computers and other technologies it creates a dollar figure which is vastly in excess of the actual ( nominal) dollars spent. It creates dollars that ARE nobodys income or expense - THESE DOLLARS WERE NEVER SPENT if it makes you feel better -fine but the hedonic multiplier has no economic relevance. Dell, MSFT, CSCO et. al. report in nominal dollars not chain-weight dollars. I am sure that technology has improved your productivity . tIME FOR Soppranos . mike
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