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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: Freedom Fighter who wrote (66596)	8/22/1999 10:53:00 AM
From: Mike M2	Respond to of 132070

Wayne, one additional point to your chained dollar comments - to the best of my knowledge no other country uses this " statistical adjustment" so when the new era proponents argue how the US is doing so much better than the rest of the world we should at least use the same GDP metrics. The US is not the only country with computers. Keep in mind the chained dollar method was implemented in 1995 during "the most ethical administration in history" I am waiting for PC companies to start reporting their sales in chained dollars to revive the growth of the PC industry -g- ho ho ho Mike

To: Freedom Fighter who wrote (66596)	8/22/1999 11:37:00 AM
From: Skeeter Bug	Read Replies (1) \| Respond to of 132070

>>Similarly, I would think that companies that are producing high tech items are getting more bang for the buck out of the technology they are using to produce them. So something favorable is going on that needs to be measured.<< again, if it is so great, why isn't it contributing to actual gdp dollars? that bang for the buck is still resulting in 2.5% gdp growth - about the same as when there was no buck there (slightly better). isn't this analogous to chaining autos to horsepower, as mr reichebacher points out? where does it stop?