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To: kvkkc1 who wrote (39323)	8/10/2000 5:15:58 PM
From: Skeeter Bug	Read Replies (1) \| Respond to of 77400

kvk, IF the economy was so productive why are the numbers manipulated. this isn't conspiracy, this is fact. follow the logic: if computers were directly contributing to revenue growth then, great, u.s. macro revenue growth w/b increasing and all is dandy. however, it wasn't increasing as expected back in 1996. rather than find out why, the govt decide to CHANGE the way they measured gdp growth (gdp growth above inflation is increased productivity). was this change minimal? nope, it added over 100% to gdp growth. real growth? nope. statistical growth? yup. real dollars? nope. what does this mean? this adjustment has boosted productivity growth over 100%! why? b/c computers increased u.s. revenue growth by 100%? nope. if it did they wouldn't have changed the measuring system! this system is called hedonic pricing. no other country uses this system to measure productivity. it was 1996 when u.s. productivity leaped ahead of our competitors. it was 1996 when gdp growth doubled due to hedonic pricing. doh! hedonic pricing also impacts inflation by supressing it. not a conspiracy, a fact. if the price of something goes up then they reduce its weighting. if it goes down, they increase its weighting. most folks are fat, dumb and happy so they don't ask questions and don't educate themselves. the perception can last for a long time, however, reality will eventually win out.