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

To: pater tenebrarum who wrote (69991)	11/3/1999 2:35:00 PM
From: Mike M2	Read Replies (1) \| Respond to of 132070

Heinz, if time permits later tonight I will post some data detailing the magnitude of overstatement of GDP and as a result productivity due the the implementation of hedonic pricing which is the gov't view of the value of increased computing power at reduced prices. The effect of this hedonic pricing has boosted GDP growth by 38% in the years 1996-8. More recently, the impact has been even more substantial. What really counts in the profit and loss account is real dollars not hedonicly priced dollars. This change was implemented in 1995 and helps the " most ethical administration in history" look good. In short, hedonic pricing creates imaginary growth in an attempt to create the appearance of a new era. ho ho ho mike