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

To: Skeeter Bug who wrote (77568)	3/10/2000 3:31:00 PM
From: BGR	Read Replies (1) \| Respond to of 132070

I do not see your point. If technology unit prices and sales both stay flat, but the processing power/unit increases tremendously (thus enabling those who can harness that power to either increase their output or reduce cost) that indeed is deflationary. Guess why cell phone per minute rates have gone down over years? And what is this nonsense about computer owners going bankrupt? DELL routed the competition because it implemented a superior supply chain management system. If you do not mind, can you please tell me what your professional background is?

To: Skeeter Bug who wrote (77568)	3/10/2000 4:23:00 PM
From: Mike M2	Read Replies (3) \| Respond to of 132070

Skeeter, perhaps BGR can explain why no other nation uses chain weighted GDP and why the US did not implement it until 1996 . Like Slick would say it depends on what you mean by growth. When Andrew Carnegie brought the Bessemer process back from England he was able to boost output and reduce costs dramatically - no politician had to invent the conept of chain weighted GDP the growth was real and substantial. The use of steel in rail was a dramatic improvement over pig iron - no hedonic pricing there!. Mike ho ho ho