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Politics : Ask Michael Burke

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To: Skeeter Bug who wrote (112121)	3/13/2008 8:50:13 PM
From: TimF	Read Replies (1) of 132070

If everyone had Model Ts and than everyone get's their choice of a modern car. There has been an increase in well being. If people don't pay any extra dollars for the cars, they are still in effect wealthier. In fact they are more clearly wealthier having a nice modern car for the same price as the Model T, than they are having to pay a lot extra for it. No quantifying that degree of increase in their well being is hard. And I'm certainly open to the argument that the offical adjustments make too much of it. But obviously having much better things is an improvement. what monetary value is generated by a quality improvement if nobody is willing to pay more for the improvement? People may very well be willing to pay more, but if we can produce better things for the same cost or less, and if there is sufficient competition they won't be paying more even if they might be willing to do so if they had to. should we all base it off tim's opinion of the dollar value people should pay, but won't? Should we base if all off Skeeter Bug's opinion that having nicer and more stuff all around is worthless if we don't have to pay more money for these things?

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