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To: long-gone who wrote (73640)	7/20/2001 12:20:43 PM
From: Ahda	Respond to of 116753

Deflation prior to the Depression most assuredly had something to do with price controls that were implemented by Coolidge. We can monkey with figures and end up with more gibberish than we started with. Deflation can be construed as less costly production as it is contraction of prices, as well as contraction of the appetitive of an economy, the negative aspect of it. The simple fact is in that in the Depression era there were not enough jobs nor credit extensions, so consumers could afford to consume only basics. Demand and supply and no demand and oversupply is not what we face today product wise, though we could face it dollar wise, if we seek value and that prime value is only in paper service. Paper service is very costly it facilitates development but it does not develop, it is more of a parasite than a producer. I sometimes wonder if due to our excessive paper service we have continued production of our own brand of red tape. The cost of tangible products includes this paper service so the average work persons pay check must increase commensurate with the paper service, that caused inflation and reduction in manufacturing competitiveness here. Creativity in the law and accounting and the flexibility of our language is a cash cow for our society and the jet that propels inflation in unseen costs. I posted this as an obvious reason that as time goes on the leverage we have in China and other Asian nations could very well diminish . Accountants, lawyers top list of China's 'gold-collar' jobs (19 July 2001) Registered accountants, lawyers, actuaries, advanced circuit engineers, management-consulting engineers and registered architects were voted the most popular "gold-collar" jobs, according to a recent survey published by Zhishi Jingji (Intellectual Economy). Registered accountants are professionals who have legally obtained accounting certifications and are commissioned to provide auditing, accounting consulting and other accounting services. China needs about 350,000 registered accountants, said a July 16 Beijing Wanbao (Beijing Evening News) story. Zhishi Jingji’s survey, titled "Gold-Collar Jobs in the Eyes of the Chinese Public," showed that legal professionals (lawyers especially) rank second in terms of income. At the end of last year, China had only 117,000 attorneys for 50 million companies. Because of the enormous demand in China’s market economy and the expanding number of enterprises, China also needs more lawyers.