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Pastimes : All Clowns Must Be Destroyed -- Ignore unavailable to you. Want to Upgrade?

To: Ilaine who wrote (28380)	4/22/2000 1:26:00 PM
From: Glenn D. Rudolph	Respond to of 42523

Well, all I know about economics is what I learned in Micro and Macro back in college, plus what I pick up by reading stuff like The Economist, the Wall Street Journal, and the newspapers, plus whatever gets linked here and elsewhere on SI. I can't say this is my specialty either. It is not. That is a fact! think your argument is that improved technology outweighs higher costs of production. That is not my complete argument. My argument was that energy as a percentage of GDP is far less now than many years ago. Cause and effect??? You tell me. I do not know. Gold costs less than $300 an ounce. If gold costs $800 an ounce will you raise your prices? I can't think of a reason for almost a 300% increase in the cost of gold but yes I would have to raise prices on products that contain gold. That is not everything in my industry. We are a bit carried away here<G>