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To: GraceZ who wrote (88621)	4/2/2001 1:19:37 PM
From: Skeeter Bug	Respond to of 436258

grace, apples and oranges. i can understand the confusion, though. chained dollars also means dollars that the govt adds to sales price in order to account for some value they see in the item over and above the sales price. this, in turn, adjusts gdp up. gdp adjusts up then productivity adjusts up, all else being equal. btw, i totally agree you have to use a base dollar value. a dollar in 1990 is not equal to a dollar in 2001. that is an entirely different issue and not one in which i would argue against b/c that is logical. ever here of the solow paradox? it says that the productivity increase caused by computers is found every but in the productivity statistics. in other words, computers don't increase output as much as "some" people think the should. adding chained dollars is the "solution." don't like the numbers? screw finding out what is actually occurring (reality!), just change the book keeping. and they did. the net result was a new economy lie that many used as a basis to make otherwise strupid decisions they now wish they hadn't of made. i found an excellent article that explains the statistics (as in lies, damn lies and statistics!) i've been discussing... mwhodges.home.att.net let me know what you think...