zonder,
You wander....
Re: I still don't know what you are talking about, scolding me because I was not familiar with the word "hedonics". Now I am pretty sure that neither do you, really. Very important concept in GDP calculations, indeed...
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Let me make this perfectly plain for you, in view of your inability to read between the line.
Hedonics is a ruse, a fraud, a conundrum that the press cannot report on, and a lie.
Here's the essence. Computers have become more powerful by orders of magnitude since 1995. Has human intelligence kept pace? Hardly.
Yet, since 1995, there has been, due to an obscure word, hedonics, a $1.5 Trillion addition to the U.S. GDP ascribed value to the faster CPU rate that is reflected in the $11.5 Trillion GDP of the US. Has this much faster CPU rate made us richer, smarter or whatever? Most of us disageee that hedonics has created wealth and commmerce. Only the FRB has stated that this is the case.
Basically, hedonics is a lie.
You still haven't figured out why this is true. Until you do, you are part of "old Europe" and "neuer Amerika".
Too bad, so sad. |
