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To: Boplicity who wrote (133178)6/17/1999 10:41:00 AM
From: JRI  Read Replies (1) | Respond to of 176387
 
*OT* Greg- I like Alan Greenspan, and I think he has done a very good job...however, given the impossibility of accurately measuring such things as labor productivity, I am disappointed that he says things such as "2% of GDP growth is a function of labor productivity gains.."...with the conclusion that the U.S. economy can grow no faster than 3% (in the current environment) without significant inflationary impact...

No one, even Greenspan, really know how this productivity thing works...how the he$$ do you measure the impact of the internet?

I wish he would give ranges, and not exact numbers (given inexact data)