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Strategies & Market Trends : The Millennium Crash -- Ignore unavailable to you. Want to Upgrade?

To: smolejv@gmx.net who wrote (5199)	6/7/2000 9:49:00 AM
From: Tommaso	Read Replies (1) \| Respond to of 5676

No, I don't think your thoughts are getting too deep. It just wasn't clear that what you said had anything to do with Heinz's explanation of "hedonic pricing." I suppose there are all sorts of ways of measuring wealth, depending on what values one applies, but to try to use this as a basis of economic statistics seems risky. Because of modern medicine, most of us are wealthier in some ways than the most powerful kings and emperors of earlier times. Some "hedonic" values have shrunk, but not many. The only one I can think of in my lifetime is the Tootsie Roll, which once was made of real chocolate but long since turned into some kind of cornstarch goop--probably in an attempt to keep the price low.