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To: LLCF who wrote (30532)	10/23/2000 4:54:06 PM
From: Oblomov	Read Replies (4) \| Respond to of 436258

Yep, there seems to be massive duplication in the way productivity and hedonic gains are counted. I'm starting to believe that this is part of an effort to justify increases in money supply while obscuring the degree to which it's being done out of desperation. The Fed appears to be fighting deflation with every weapon in its arsenal, and yet we see a credit crunch unfolding... why do I suspect that the economic events of the next few years will challenge much of mainstream economic theory?

To: LLCF who wrote (30532)	10/23/2000 7:42:53 PM
From: Alias Shrugged	Read Replies (1) \| Respond to of 436258

>>>what's the problem?>> Why, you are the problem, you stupid geezer. -g- You're too damn dense to grasp the subtleties of the New Paradigm. The Emperor was nice enough to show us his new clothes, and you stand there yapping - "I don't see them; I don't see them." Jesus, get a grip, man. On a more serious note, maybe we could devote a thread to the marvels of increasing productivity, because the Fed Governors are constantly yammering on about it, and I certainly don't get it. I'll go start one and stop back.