Heinz Blasnik- Views You Can Use Message Board

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Strategies & Market Trends : Heinz Blasnik- Views You Can Use

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To: GraceZ who wrote (3208)	7/25/2003 11:57:22 AM
From: Wyätt Gwyön	Read Replies (2) of 4907

The value is there, it just can't be monetized in the way that people wanted it to be and it was as destructive as it is constructive you're missing the point. the idea of a GDP data series is not to measure some Platonic notion of value. it is, rather, to measure GDP, which is measured in dollars. the consistent use of dollars allows comparison of today's apples to yesterday's apples. the use of hedonic adjustments in order to "monetize" that which is nonmonetary results in a comparison of yesterday's apples to today's apples plus whatever the hell the people in the Bureau of Lies and Statistics can think up. only the uninformed and the hopelessly naive could believe this is anything other than a ruse to make today's crop of apples look better than it is.

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