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

To: Skeeter Bug who wrote (77408)	3/9/2000 2:11:00 PM
From: Freedom Fighter	Read Replies (1) \| Respond to of 132070

Skeeter, You are probably going to wish that you didn't make so much sense explaining chain weighted GDP. Now you are going to have to answer at least 6 questions from BGR that have nothing to do what you said, misunderstood what you said, or put words in your mouth. (bg) Wayne

To: Skeeter Bug who wrote (77408)	3/9/2000 4:23:00 PM
From: benwood	Read Replies (3) \| Respond to of 132070

Skeets, to amplify the point you made about raw computer power not necessarily doing anything: I used to run MSWord 4.0 on a '286. Now I do virtually the same thing (but prettier) on a PIII-550. Actual productivity increase: 0%. Technical: whatever their "formula" dictates (the CPU alone is more than 100 times faster). I would never have believed there was a fudge factor in the GNP until I frequented this forum. Now (cynical moi) I presume there's a fudge factor in every governmental report and nearly every quarterly report.

To: Skeeter Bug who wrote (77408)	3/9/2000 10:07:00 PM
From: BGR	Read Replies (1) \| Respond to of 132070

Skeeter Bug, I think you have made an excellent point there. I am now convinced that there is no economic value added (and hence no growth) in any deflationary situation. Growth must be inflationary, otherwise it is of no use. I think that I know the solution. Let's ask Intel and AMD to triple the price of CPUs as performances double. That way, with no other effort on their part, you and Mike's model would suddenly start showing enormous growth for the US GDP (inflationary growth, of course). It's just that simple! I am feeling bad about the car that I just bought. In 1990, for this same price, I would have got a car with much less features. Now, the car companies are giving me more features for the same price. And, foolish me, I was duped into believing that actually my situation (and hence, by extension, that of the economy) has improved! How could it be, if the prices did not go up!? We want higher prices! NOW! DOWN WITH GROWTH WITHOUT INFLATION! Ho ho ho! -BGR.