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

To: BGR who wrote (71621)	12/9/1999 10:09:00 AM
From: Freedom Fighter	Read Replies (1) \| Respond to of 132070

BGR, I'm not sure we are going to make much headway in this discussion, but this is how I see it. Suppose I'm eating 10 bacon cheeseburgers a day, but playing a lot of tennis. I may not gain any weight, but my arteries could be clogging badly for years without any symptoms. I will never know what bad shape I'm in if all I do is measure my health by my weight. Or, suppose the scale I am using is broken (CPI?) and I am gaining weight but the doctor doesn't know it. I agree that it is difficult for anyone to look at any area of the economy and make these judgments. That's why I'm generally for free markets. I just don't consider what AG.com does to be a free market activity so it is prone to extreme error. Wayne

To: BGR who wrote (71621)	12/9/1999 10:16:00 AM
From: Mike M2	Read Replies (1) \| Respond to of 132070

BGR, go to the Commerce dept's web site and read about hedonic pricing - the gov't takes computer sales measured in real $ and determines that due to increased computing power at reduced prices decides that GDP is understated so they come up with chain weighted GDP. Its effect from 1996-8 was to overstate GDP by 38% and as a by product productivity is overstated as well. What matters in the profit and loss account are real dollars Dell does not report their sales in chain weighted dollars they report in real dollar. this concept is a statistical lie to deceive the public about the health of the economy. Look for your self. mike